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This Quarter's Sentiment:
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SocialPicks Community
One of the better run banks in past decade
USB
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+9.21%
in
51 days
(closed on 03/27/09)
The thing to admire about USB is their acquisition history, or more exactly, their lack of one. They haven't made a major acquisition since Firstar in 2001-- which was a pretty ratty year for US economy. Acquiring Downey and PFF Bank at bankruptcy prices was nice work too. This stock might go down further in the next 3-12 months, but it looks like it could rally in the near term. Long term, it's a financial institution that might actually emerge BETTER than the 2007 highs it left behind. If it doesn't work short term, hold onto it thru the storm.
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The Shakeout in Regional Banks
USB
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-30.30%
in
419 days
<> 
The accompanying table presents the 25 lowest-rated stocks in my US-based Regional Banking Index. The index contains a total of 99 companies with market caps between $500 million to $20 billion which are classified as either regional banks or savings and loan companies. The ratings for each company are calculated quarterly based on a formula which considers the price-to-book ratio, the trailing 52-week stock price performance, and the percentage of total market caps represented by each company.
Since putting together the index...
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Next risk is credit cards and commercial loans
USB
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+14.55%
in
104 days
(closed on 11/12/08)
Could be wrong, but seems this financial is trading near 2x book value, seems a little high in such risky times. While USB has looked a lot safer than those banks exposed to low-end residential RE loans, if the economy gets worse credit cards and commercial lending will be at risk. There's a chance USB is at a crossroads where the things that have kept them looking good, may not look so good if this unemployment rate the gov't publishes keeps rising.
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U.S. Bancorp
USB
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-21.76%
in
516 days
Analysts'
Recommendation: | Hold | | 30 Days Ago: | Hold |
| | Analysts' Target: | $33 | <> <> | Analysts' Targets | | RBC Capital Markets | $34 | <> ...
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Now that We all Know Buffett is wrong. What do we do?
USB
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-6.17%
in
247 days
(closed on 09/15/08)
How many of you people that own this stock own because Buffett owns? Or more importantly how many of you own this POS with no sound fundemental game plan on how you are going to see a positive return? Or should I simply ask you, how many will dump after it is announced that Buffett dumped? When you buy on the news that Buffett bought, when do you sell? Fact!!!!! Banks are diving.. Fact!!!! First Buffett will dump and then he will tell you he dumped... Fact!!!! Pros will know that he dumped before you do... <> Fact!!!!! If a stock drops 20% on fundementals. Drops anoth...
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From the Blogosphere
Treasury to Auction TARP Warrants – Analyst Blog
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After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The government is taking this step to free the lenders from the federal bailout program.
The three banks, whose warrants will be sold via auctions over the next month, are JPMorgan Chase (JPM), Capital One Financial (COF) and TCF Financial Corporation (...
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JPMorgan to Buy Rest of Cazenove – Analyst Blog
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JPMorgan Chase & Company (JPM) is in discussions to take full control of its U.K. joint-venture partner, Cazenove Group, for about £1 billion ($1.7 billion).
JPMorgan entered into a partnership with Cazenove five years ago. At that time, JPMorgan paid about £100 million for a 50% ownership in Cazenove.
Now, JPMorgan intends to buy the remaining 50% of the investment-banking partnership for 500?525 pence per share.
Chief Executive Naguib Kheraj, the former finance chief of Barclays PLC (BCS) is running JPMorgan Cazenove since last year. Cazenove first became one of London's leading sto...
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Why Warren Buffett Loves Wells Fargo
<><>I am in the process of putting together a detailed presentation on Wells Fargo (WFC), but I thought it would be useful to understand why Warren Buffett loves Wells Fargo. Wells is the most diversified financial services firm with a leading position in US banking stores, small business lending, mortgage origination, middle market commercial banking, agriculture lending among US banks, commercial real estate brokerage, bank-owned insurance brokerage, banking deposits in the US, debit card issuers, foreign exchange sales, retail brokerage, and wealth management. Wells Fargo has the highest net...
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Pay Czar to Allow Competitive Pay – Analyst Blog
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The U.S. Treasury's pay czar, who oversees compensation for the highest-paid employees at the firms that received U.S. taxpayer assistance, said on Thursday that he is concerned that pay cuts could obstruct the ability of these firms to retain and attract top talent. However, the pay czar would be open to requests to hire new executives at competitive industry rates.
The pay czar, Kenneth Feinberg, decides compensation packages for the highest-paid employees at the seven firms that have received substantial support from the Troubled Asset Relief Program (TARP). The pay restrictions were impo...
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Zacks Analyst Blog Highlights: JP Morgan Chase, U.S. Bancorp, Zions Bancorp, SunTrust Banks and PNC Financial – Press Releases
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For Immediate Release Chicago, IL – November 10, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: JP Morgan Chase (JPM), U.S. Bancorp (USB), Zions Bancorp (ZION), SunTrust Banks (STI) and PNC Financial (PNC). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Monday’s Analyst Blog: <><>Bank Fail...
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