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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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June 25, 2015
07:13 EDTUSBFed director says full transparency in stress testing can be 'enormous weakness'
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June 24, 2015
08:56 EDTUSBU.S. Bancorp profited from buying bonds for below market prices, WSJ says
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June 18, 2015
10:01 EDTUSBOn The Fly: Analyst Initiation Summary
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07:08 EDTUSBU.S. Bancorp initiated with an Equal Weight at Stephens
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June 17, 2015
11:25 EDTUSBU.S. Bancorp receives $55M in tax credit allocation
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06:48 EDTUSBMore big banks waiving overdraft fees, WSJ reports
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June 16, 2015
14:01 EDTUSBU.S. Bancorp raises quarterly dividend 4.1% to 25.5c per share
The dividend is payable July 15 to shareholders of record at the close of business on June 30.
07:11 EDTUSBSurprise AIG ruling may make future bailouts unlikely, even if needed, NYT says
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