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Stock Market & Financial Investment News

News Breaks
January 7, 2013
12:44 EDTUSBU.S. Bancorp sees Q4 EPS reduced 3c on pretax $80M paid in IFR settlement
U.S. Bancorp issued the following statement in response to this morningís announcement from the OCC and the Federal Reserve regarding the Independent Foreclosure Review settlement agreement: "U.S. Bancorp has long been committed to sound modification and foreclosure practices. We have always regarded foreclosure as a last resort, and have helped thousands of borrowers over the past several years to stay in their homes through a variety of modification programs." U.S. Bancorpís share of the settlement will include a cash payment of $80M pretax, which is expected to reduce Q4 earnings per share by approximately 3c. In addition, the settlement includes a commitment to provide approximately $128M of other mortgage assistance, such as loan modifications, which is covered by existing loan loss reserves.
News For USB From The Last 14 Days
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March 26, 2015
08:17 EDTUSBSEC Chairwoman proposes new 'dark pool' regulation, NY Post says
Securities and Exchange Commission Chairwoman Mary Jo White proposed new regulation Wednesday that would require high-frequency traders to register with the Financial Industry Regulatory Authority and provide the agency with a daily paper trail, reports the New York Post. The Post notes that there is a 60-day comment period before any SEC rule is finalized. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
March 24, 2015
07:45 EDTUSBMetLife CEO letter may be early sign of bank earnings headwinds, WSJ says
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March 19, 2015
11:53 EDTUSBU.S. banks face headwinds in unloading oil loans, WSJ says
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