US Bancorp's capital markets push is delivering: the June 1 BTIG acquisition drove a 62.5% jump in capital markets revenue to $512 million, helping the bank beat EPS by 5% with record net revenue of $7.7 billion and net income climbing 20% year-over-year, while management telegraphed a 4% dividend increase for Q3.
U.S. Bancorp :
USB
USB
Stock Data
$63.94
$0.13 (0.20%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
U.S. Bancorp, headquartered in Minneapolis, Minnesota, is a comprehensive financial services provider offering a wide array of services. These include checking and savings accounts, credit products, lease financing, asset-backed lending, and agricultural finance. Beyond banking, it extends to wealth management, treasury management, investment, and insurance products, catering to individuals, businesses, and governmental entities. It also specializes in payment services, corporate trust, and merchant processing, among others. Founded in 1863, U.S. Bancorp stands as a pillar in the financial sector, supporting a diverse range of financial needs across the United States.
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