This Bank Could Be the Next to $1 Trillion in Assets. Should You Buy the Stock Today? [Yahoo! Finance]
U.S. Bancorp (USB)
Last u.s. bancorp earnings: 4/15 06:45 am
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US:NYSE Investor Relations:
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Source: Yahoo! Finance
However, there is a wide discrepancy in size. Four banks -- JPMorgan Chase Bank of America Citigroup , and Wells Fargo -- each have at least $1.6 trillion in assets, while the fifth largest bank has only $664 billion in assets. The next 10 banks after Citi total about $4.3 trillion in assets, compared to Chase's main bank subsidiary, which has roughly $3.5 trillion in assets. Scale matters in the world of banking today due to the complex regulatory landscape and the need to invest in tech. And make no mistake, the number of banks in the U.S. will consolidate over the next few decades, and the big banks will get bigger and likely be the winners. The bank I am going to talk about could be the next to reach $1 trillion in assets. Should you buy the stock today? Let's take a look. An aspiration to get bigger Sitting behind the big four are three large consumer and commercial super-regional banks: U.S. Bancorp (NYSE: USB) PNC Financial Services Group (NYSE: PNC) , and Truist (NYSE: T
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News
- U.S. Bancorp: Share Repurchase Plan, Dovish Fed Give Compelling Arguments To Buy [Seeking Alpha]Seeking Alpha
- U.S. Bank Hosts Celebration of Crenshaw Branch with Operation HOPE [Yahoo! Finance]Yahoo! Finance
- U.S. Bank Decreases Prime Lending Rate to 8.00 Percent [Yahoo! Finance]Yahoo! Finance
- U.S. Bank Decreases Prime Lending Rate to 8.00 PercentBusiness Wire
- $11.5 Million in Community Possible Grants Boost Local Communities [Yahoo! Finance]Yahoo! Finance
USB
Earnings
- 7/18/24 - Beat
USB
Sec Filings
- 9/20/24 - Form 8-K
- 9/19/24 - Form 424B2
- 9/12/24 - Form 8-K
- USB's page on the SEC website