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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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-27.46%
in
405 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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-18.57%
in
502 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
Bank Failure Tally Reaches 120 – Analyst Blog
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Regulators shut down 5 more banks in Georgia, Michigan, Minnesota, Missouri and California; tally hits 120 so far this year
U.S. regulators on Friday shuttered five more institutions in Georgia, Michigan, Minnesota, Missouri and California , as the recession continues to take its toll on banks. This takes the total number to 120, compared to 25 in 2008 and 3 in 2007.
As the industry has to tolerate bad loans that were made during the credit explosion, the trouble in the banking system goes even deeper, increasing the possibility of more failures. However, the regulators are trying to avoi...
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Zacks Analyst Blog Highlights: U.S. Bancorp, JP Morgan Chase, Fifth Third Bancorp, Zions Bancorp and SunTrust Banks – Press Releases
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For Immediate Release Chicago, IL – November 3, 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: U.S. Bancorp (USB), JP Morgan Chase (JPM), Fifth Third Bancorp (FITB), Zions Bancorp (ZION) and SunTrust Banks (STI). 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 AnalystBlog: <><>Bank...
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Bank Failures Zoom to 115 – Analyst Blog
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Regulators shut down 9 more banks, including California National Bank; total failed banks in '09 reach 115
Bank failures continue unabated as U.S. regulators on Friday closed down nine more banks, including California National Bank of Los Angeles. The failed banks were situated in California, Illinois, Texas and Arizona. This takes the total number to 115, compared to 25 in 2008 and 3 in 2007.
Besides California National Bank, the eight other banks were Bank USA N.A. of Phoenix, San Diego National Bank of San Diego, Pacific National Bank of San Francisco, Park National Bank of Chicago, Commu...
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Top 10 News Items 10/19-10/23: Apple Continues It's Dominance; Wells Fargo, Morgan Stanley Beat the Street; Microsoft Surges 5% on Upside Surprise
Here is a recap of the top news items from this week on Wall Street:
1. Apple (Nasdaq: AAPL) shares jumped almost 5% on Tuesday and another 3% on Wednesday following, as expected, very strong earnings reported on Monday night. Q3 non-GAAP EPS came in at $1.82, walloping the Street's $1.42 estimate, while quarterly sales came in at $9.87 billion. Guidance was expectantly conservative, as always.
2. In the financial sector, traders saw earnings from Wells Fargo (NYSE: WFC), Morgan Stanley (NYSE: MS), US Bancorp (NYSE: USB) and American Express (NYSE: AXP). Sentiment in the sector was mixed:
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First Republic Bank Sold to Investors
<font>First Republic Bank Sold to Investors</font> The deal has been confirmed that First Republic Bank is being sold by Bank of America (BAC) to a group on investors which include the current management, Colony Capital, and General Atlantic. The bank had assets of $19 billion when it was sold as a part of Merrill Lynch in January. Banc of America was off slightly on the news today. <font>Merrill Lynch Purchase</font> <>First Republic was last purchased for $1.8 billion by Merrill Lynch in 2007 and is now reportedly being sold for near $1 billion. The banks wealth management division was s...
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