|Bid||21.18 x 1000|
|Ask||21.22 x 800|
|Day's range||21.12 - 21.29|
|52-week range||18.20 - 22.67|
|Beta (3Y monthly)||0.15|
|PE ratio (TTM)||4.97|
|Forward dividend & yield||0.89 (4.20%)|
|1y target est||N/A|
US Bancorp, the seventh-largest US bank by assets, has trimmed its long-term growth outlook to reflect lower interest rates and the imminent adoption of new accounting standards. At its investor day on Thursday, US Bancorp, with $480bn in assets, said that it now expects revenues to grow in a range of 5-7 per cent over the long term, a reduction of one percentage point. The bank also suggested that the Current Expected Credit Loss accounting standard, which comes into effect next year, had an impact on the growth outlook.
Amidst growing concerns over skyrocketing gun violence in America, big banks maintain their financial relationships with gun manufacturers and the NRA.
I believe the outcome of the past 6+ months with regards to global trade, currency devaluations, and consumer sentiment will result in weaker US earnings in Q2 than at any time over the past 3+ years.
Banking regulators said large banks will not get an exemption from the Volcker rule, months after Yahoo Finance reported that large banks were consulting with a former Trump regulator on a possible workaround.
Charlotte, North Carolina is the focal point of a brewing war between the big banks, as BB&T and SunTrust merge and giants Chase and U.S. Bank move in.
Berkshire Hathaway Underperformed the Markets in Q1(Continued from Prior Part)Berkshire Hathaway Berkshire Hathaway’s (BRK-B) portfolio is overweight on banking and financial stocks. Chairman Warren Buffett’s love for financial stocks continued
Elizabeth Warren and Maxine Waters want the Fed to carefully review the $66 billion merger between BB&T and SunTrust that would create the sixth-largest U.S. bank.