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Stock Market & Financial Investment News

News Breaks
July 16, 2014
07:17 EDTUSBU.S. Bancorp reports Q2 EPS 78c, consensus 77c
Reports Q2 revenue $5.19B, consensus $4.94B. Q2 included two previously disclosed notable items. The company reached a settlement with the DOJ to resolve an investigation relating to the endorsement of mortgage loans under the Federal Housing Administration's insurance program for $200M. In addition, prior to the FHA DOJ settlement, the company sold 3.0M shares of the Class B common stock of Visa (V) resulting in a net pretax gain of $214M. Combined, these notable items had no impact to diluted earnings per common share for the current quarter.
News For USB From The Last 14 Days
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November 21, 2014
07:24 EDTUSBBB&T CEO says 'banks lending recklessly' again, Reuters reports
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November 19, 2014
07:51 EDTUSBClearing House Payments Company to hold a conference
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November 12, 2014
11:45 EDTUSBU.S. Bancorp CEO says relieved bank is not bigger than it is
Sees better industry wide loan growth in 2015 vs. 2014. Says consumers cautious getting deeper in auto, credit cards. Comments made at the Bank of America Merrill Lynch Banking and Financial Services Conference.
07:28 EDTUSBBofA/Merrill to hold a conference
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November 10, 2014
06:53 EDTUSBBank of America, U.S. Bancorp settle bond trustee class action, Reuters says
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06:46 EDTUSBRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link

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