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Tuesday, April 18, 2017

US Bancorp Earnings Preview: Diminishing Returns

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US Bancorp reports QE March 2017 financial results on April 19




Summary

● US Bancorp has posted solid quarterly financial position and performance since the 2008 - 2009 financial crisis.

● Andrew Cecere, President and Chief Operating Officer, succeeds Richard Davis as Chief Executive Officer on Tuesday, April 18 at the annual shareholders’ meeting.

● The financial statements show a conservative, traditional banking approach, which has been called “cautious, plain vanilla banking.

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About US Bancorp

Minneapolis-based U.S. Bancorp (NYSE: USB), with $446 billion in assets as of December 31, 2016, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,106 banking offices in 25 states and 4,842 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions.

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