U.S. Bancorp (NYSE:USB) Sees Rating Reiteration


Dallas, Texas 03/07/2014 (FINANCIALSTRENDS) – U.S. Bancorp (NYSE:USB), the Minneapolis-centered financial service holding company which offers a range of financial services is dependent on lending, cash management as well as foreign exchange and trust management services. The company which hold credit card services as well as merchant and Automated Teller Machine processing services offers a range of other services as well.

U.S. Bancorp (NYSE:USB) has been receiving buy rating by research analysts. The strengths of the company is recorded to be the multiple areas in which the growth in earnings per share is visible. The expanding profit margins, besides the stock price for the previous year, besides the increase in the net income are all indicative of high growth.  It is also noted that the overall strengths outweigh the company’s weak cash flow operations.

U.S. Bancorp (NYSE:USB) in its earnings data reported $0.76 EPS for the quarter. The results beat the consensus estimate by $0.75 by $0.01. The revenue of $4.89 billion for the quarter was much higher than the estimated consensus estimate of $4.09 billion. In comparison to the past year’s quarterly estimates, the comparative per share earnings are $0.75, while the quarterly revenue was reportedly down by 4.4%, when compared to the year-on-year condition. The average prediction for the stock is $3.17 earnings per share, for the present fiscal year.

These are extensive and include – mortgage, banking, insurance, brokerage as well as leasing. In recent times, the company has been operating across five segments- these are Wholesale banking, commercial real estate as well as Consumer and small business banking. The range of Wealth Management as well as Securities and Payment Services that the company provides has allowed it to remain one of the top-line of banking services provider.

U.S. Bancorp(NYSE:USB) is also noted for the wide-range of Payment Services as well as Treasury and Corporate support. By January 2012, the US Bank National Association has acquired the operations related to banking in these operations at BankEast.

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