The Securities and Exchange Commission announced charges against 16 financial companies for failing to properly maintain and preserve electronic communications, with the companies agreeing to pay a total of more than $81 million in civil penalties. The regulator said employees of these companies used “off-channel” communications, like personal text messaging services, to discuss clients and business transactions, rather than official company platforms. “Today’s actions against these 16 firms result from ...

MINNEAPOLIS--(BUSINESS WIRE)--The U.S. truck freight market ended 2023 with further declines in both shipment volume and spending, according to the latest U.S. Bank Freight Payment Index. Compared to the same period in 2022, fourth quarter shipment volume was down 15.7% while spending by shippers contracted 13.5%. The year-over-year drop in volume was the largest in the history of the Index. “ The truck freight market is feeling the impacts of companies reducing inventories significantly as well as consume ...

Tero Vesalainen U.S. Bancorp (NYSE:USB) is a large regional banking company that has seen its share of struggles from the regional banking crisis. Back in October, I examined the 9% yielding Series A preferred shares, highlighting the great income opportunity they presented. While the preferred shares have rallied, the 8% yield is still higher than the bank’s other preferred offerings and I believe it is still an attractive income-producing investment. Additionally, investors can explore a second income ...

Sundry Photography Last week, the SP 500 index closed at a new all-time high. Also last week, I saw an article on SeekingAlpha.com about buying the dip. Well, U.S. Bancorp (NYSE:USB) represents a buy the dip idea. This article will outline why I think USB is an interesting idea based on price action, momentum, and relative strength. I will also outline a risk management strategy if you choose to buy USB. Chart 1 - USB Weekly Price Chart with Price Percentage Oscillator, Volume, and Relative Strength www.sto ...

U.S. Bancorp’s (USB) fourth-quarter 2023 adjusted earnings per share (excluding the impact of notable items) of 99 cents met the Zacks Consensus Estimate. However, the bottom line declined 17.5% from the prior-year quarter's level.Results have benefited from increased revenues supported by higher fee income. An improvement in credit quality was another positive. However, higher expenses and lower net interest income (NII) were major headwinds.Net income (GAAP basis) attributable to U.S. Bancorp was $847 mil ...

U.S. Bancorp (NYSE:USB) Q4 2023 Earnings Conference Call January 17, 2024 8:00 AM ET Company Participants George Andersen - Senior Vice President and Director of Investor Relations Andy Cecere - Chairman, President and Chief Executive Officer John Stern - Senior Executive Vice President and Chief Financial Officer Terry Dolan - Vice Chair and Chief Administration Officer Conference Call Participants Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America John Pancari - Evercore ISI John McDonald - ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

U.S. Bancorp (USB) came out with quarterly earnings of $0.99 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $1.04 per share when it actually produced earnings of $1.05, delivering a surprise of 0.96%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.U.S. Bancorp, which belongs to the Z ...

January 17, 2024 U.S. Bancorp 4Q23 Earnings Conference Call ...

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp reported its fourth quarter 2023 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information. At 7 a.m. Central Time, Chairman, President and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The conference call will be available online or by te ...