Comments for USB - Stockpickr! Your Source for Stock Ideas

Comments for USB

Added By	Comments	Type	Date Added
bajasurf	Strong management	Love	September 29, 2009
krobait	solid bank	Love	September 23, 2009
tomgordon	good bank	Love	July 29, 2009
gross641	Solid bank despite deteriorating credit quality. Good for portfolio diversification and I got in at $18 so not much risk here.	Love	July 23, 2009
MaryContrary	long term upside potential	Love	July 10, 2009
sam.F	ultra conservatiove management	Love	July 03, 2009
Stockpickr Staff	"Solid upgrade on State Street (STT) from SunTrust. US Bancorp (USB) recommendation." <a href="http://jimcramer.rmblogs.thestreet.com/entry.aspx?q=305c1a15-4c5b-446c-a56a-9c2b00c2daba" target="_blank">"Banks Can't Catch a Break on Good News," 6-17-09</a>	Love	June 18, 2009
Stockpickr Staff	U.S. Bancorp (USB) and PNC (PNC) "are both very fine banks," said Cramer. He said that people worry about the banks' having to raise more money, and "it's putting a lid" on them. (<a href="http://www.thestreet.com/story/10509106/1/cramers-stop-trading-jump-for-joy-global.html" target="_blank">Cramer's "Stop Trading!" 6-3-09</a>)	Love	June 04, 2009
barrons3	Third on the list was US Bancorp (USB), which raised $2.5 billion in new capital, but is the most speculative of the bunch. US Bancorp needs housing to bottom and still has looming foreclosure risk, he said.	Love	May 21, 2009
heball40	Dividend cut	Hate	May 20, 2009
barrons3	US Bancorp (USB) is a mini-Wells Fargo (WFC), so I want to buy this one down 15% from its last trade of $20. So, if you can get it at $17, I think it works. Bad loans are growing here pretty quickly, but the company told an honest tale on the last quarter, and I can see this one being the most conservative of tonight's deals.	Love	May 14, 2009
Stockpickr Staff	Due to regional bank failures , Bank of North Georgia, a subsidiary of Synovus Financial (SNV), acquired all retail deposits of American Southern, and US Bancorp (USB) bought First Bank of Idaho's deposits. <a href="http://www.thestreet.com/story/10492432/1/financial-winners-and-losers-synovus.html" target="_blank">Read more here.</a>	Love	April 27, 2009
barrons3	Finally, there is the most significant call of all: U.S. Bancorp (USB) (no kidding, did you see the stock?). USB said something I haven't heard during this whole banking crisis, not even from the great minds of JPMorgan Chase (JPM). U.S. Bancorp said the problems are getting predictable, and can be gamed and gauged. This whole time it has been "Wild West" in banking, with no major banker ever seeming to be able to come to grips with how bad things are. That's how USB had been. But not after this quarter. They are modeling again. Plus, they saw the consumer being able to handle the debt load a little better. Maybe USB is on some sort of island, but as the sixth-largest bank in the country, its positives can't be viewed as insignificant.	Love	April 23, 2009
Stockpickr Staff	US Bancorp (USB) CEO Richard Davis said earlier this week that he's prepared to quickly repay the $6.6 billion in bailout funds that the bank received last fall. <a href="http://www.thestreet.com/story/10490319/1/financial-winners-and-losers-citigroup.html" target="_blank">Read more here.</a>	Love	April 22, 2009
Stockpickr Staff	US Bancorp was also among the financial stock winners after the bank beat expectations with its earnings report. <a href="http://www.thestreet.com/story/10488944/1/financial-winners-losers-citigroup.html" target="_blank">For more, read <I>TheStreet.com's</I> article.</a>	Love	April 21, 2009
javadomain	solid financial	Love	April 15, 2009
barrons3	On the list of banks stocks to consider, Cramer included Citigroup (C), Bank Of America (BAC), US Bancorp (USB), Blackstone Group (BX) and Wells Fargo (WFC).	Love	March 19, 2009
barrons3	Market Perform -- Price 12.58 on March 10 by Keefe, Bruyette & Woods Target: 16. USB reduced its quarterly dividend to five cents a share from 42.5 cents per share ... to save approximately $2.6 billion per year in equity. USB disclosed that the decision to cut the dividend was related to preservation of capital in a challenging environment and enhancement of its ability to pre-pay the [Troubled Asset Relief Program] capital. As a result of the higher-than-expected savings, our cycle-end, stress case [tangible-common-equity] ratio increased to 4.65% from 4.41%. Our analysis doesn't assume that USB requires additional capital based on its ability to generate capital in excess of its peers. In addition, management stated that quarter-to-date operating results have been relatively in line with previous guidance. Market cap: $22 billion.	Love	March 14, 2009
SCTULIP	Risk and reduction in dividend	Hate	March 11, 2009
barrons3	U.S. Bancorp lowered its quarterly dividend 88%, from 42.5 cents a share to a nickel. However, Chief Executive Richard Davis argues that it's "important for our shareholders to know that we are not reducing the dividend and preserving capital from a position of weakness, but from a position of strength and a desire to continue to invest in and expand our business." The Minneapolis bank, with $266 billion in assets, also said that it's eager to return the $6.6 billion in TARP money that it received. The $2.6 billion it will save annually via its dividend reduction could accelerate repayment.	Love	March 07, 2009
sarah z	The darn banks aren't complying with Doug Kass' call! I look at the best of the best, and I shudder to think that Obama has caved to the AFL-CIO, which wants nationalization, as well as to the populist rhetoric to string up the bankers. Wells Fargo (WFC), JPMorgan (JPM) and U.S. Bancorp (USB) are going to be the battle lines here. They don't have China going for them, as the minerals and infrastructure plays have. They don't have oil going for them, which can be a powerful driver. They don't have the balance sheets going for them, a la tech (although it sure doesn't matter when the herd thunders out of Pepsi (PEP) and General Mills (GIS), and they have the government dead against them. I keep thinking back to what Sheila Bair said to me at the Town Hall meeting last week. She made it very clear that if we adjust interest rates for most of the "whole loans" that are owned by the banks -- typically higher quality than those that were syndicated -- they can make it without being nationalized. But they sure act as if the hidden agenda in the mortgage bill is to strip these banks of the right to enforce contracts involving mortgages in any case that a borrower might want. You know my plan: 4% for everybody with a cut in mortgage principal coupled with a certificate of equity that gives the banks a fighting chance to stay alive because it counts as capital. It's not radical. It is part of my forbearance plan that, when coupled with giving the banks -- even Citigroup (C) and Bank of America (BAC) -- credit in return for a promise to pay, could improve things mightily, especially with the TALF plan to get-asset backed securities moving. Citigroup may already be too far gone thanks to Geithner's relentless quest to have no guidance and no plan, a la Lehman, Bear, Fannie (FNM) and Freddie (FRE), Washington Mutual and AIG (AIG). But nationalization is a totally unacceptable alternative that the president simply hasn't taken off the table. I reiterate that there can be NO RALLY WITH STAYING POWER without JPM/WFC/USB going up. In fact, these are too easily pushed down by the ProShares UltraBear Financials (SKF)! No banks, no rally. I just want to keep that front and center for Doug to mull and you to decide.	Love	March 04, 2009
barrons3	Struggling. I'm struggling this morning with some of the things that Warren Buffett is doing with his cash these days. I am struggling because he is selling America, selling Johnson & Johnson (JNJ) and Procter & Gamble(PG), selling ConocoPhillips(COP) and selling U.S. Bancorp(USB).	Love	February 19, 2009
sarah z	From a recent Mad Money show:"I'm only recommending JPMorgan Chase (JPM) and Wells Fargo (WFC) and that's it. Everything else is a sell."	Love	February 03, 2009
sarah z	From a recent Mad Money show:"I'm only recommending JPMorgan Chase (JPM) and Wells Fargo (WFC) and that's it. Everything else is a sell."	Love	February 02, 2009
sarah z	From a recent Mad Money show:"I'm only recommending JPMorgan Chase (JPM) and Wells Fargo (WFC) and that's it. Everything else is a sell."	Love	January 30, 2009
barrons3	There is nothing in common between Morgan Stanley (MS) and US Bancorp (USB). State Street (STT) is in a class by itself, unless you consider Bank of New York (BK), which has similar businesses.	Love	January 22, 2009
Edgewoodfledge	Again, financial.	Hate	January 20, 2009
ngjarvis	Strong sector company with dividends. Again, stock price growth not important to retirement dividends and conservative business practices.	Love	January 10, 2009
bulldog9959	dropped alot	Hate	December 30, 2008
barrons3	Market Perform - Price 25.10 on Nov. 24 by Keefe, Bruyette, Woods Target: 29. Following the recent announcement that USB assumed certain assets and liabilities of Downey Savings and Loan and PFF Bank & Trust from the Federal Deposit Insurance Corp., we are increasing our 2010 EPS estimate to $2.67 from $2.60 per share....USB estimates its loss exposure to be approximately $2.3 billion. USB is assuming $12.1 billion in deposits, or approximately 8% of USB's current deposit base, and 213 branches primarily located in the Bay Area and Southern California. Market cap: $43.7 billion.	Love	November 29, 2008