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USB

U.S. Bancorp

$56.02

0.71 (1.28%)

09:57
02/15/18
02/15
09:57
02/15/18
09:57

U.S. Bancorp announces resolution finalizing legacy BSA/AML matters

U.S. Bancorp, parent company of U.S. Bank, announced that it has resolved previously disclosed matters related to its Bank Secrecy Act and Anti-Money Laundering compliance programs with the U.S. Attorney's Office for the Southern District of New York, the Office of the Comptroller of the Currency, the Federal Reserve Board and the Financial Crimes Enforcement Network. Under the resolution, the company will pay a total of $613M, reflecting the penalties assessed by each agency. The company has fully reserved for this resolution and, accordingly, there is no further financial impact. "Today's resolution finalizes legacy matters involving our AML compliance program. We regret and have accepted responsibility for the past deficiencies in our AML program. Our culture of ethics and integrity demands that we do better. One of U.S. Bank's key priorities is to maintain an exceptional AML program and we are confident in the strength of the program we have in place today," said Andy Cecere, President and CEO, U.S. Bank.

  • 06

    Mar

  • 30

    May

USB U.S. Bancorp
$56.02

0.71 (1.28%)

01/18/18
RBCM
01/18/18
NO CHANGE
Target $61
RBCM
Outperform
U.S. Bancorp price target raised to $61 from $57 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target on U.S. Bancorp to $61 after a Q4 earnings beat. Cassidy says the bank sports a "peer leading reported core ROAA of 1.33% and ROACE of 13.4%" in the quarter, while also showing "improving loan quality". The analyst keeps his Outperform rating on U.S. Bancorp.
01/25/18
DBAB
01/25/18
UPGRADE
Target $63
DBAB
Buy
U.S. Bancorp upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Matt O'Connor upgraded U.S. Bancorp to Buy and raised his price target for the shares to $63 from $60. The analyst believes U.S. Bancorp's loan growth should pick up and expects its fee revenues to accelerate in the second half of 2018.
01/31/18
JPMS
01/31/18
DOWNGRADE
Target $58.5
JPMS
Underweight
U.S. Bancorp downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Vivek Juneja downgraded U.S. Bancorp to Underweight with an unchanged price target of $58.50. The benefit from tax cuts and improving consumer spending are likely to be offset by increased tech spending, Juneja tells investors in a research note. The analyst sees the company's dividend growth lagging peers.
01/31/18
01/31/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Market Perform from Outperform at BMO Capital with analyst Tim Long saying that while the press has recently speculated about the order cuts for iPhone X, which he says reflects his first quarter model for a "weaker mix," he is "more concerned by a secular change" for the iPhone product. AK Steel (AKS) downgraded to Underperform from Buy at BofA/Merrill with analyst Timna Tanners saying AK Steel's "disappointing" first quarter and normalized earnings guidance is due to management's "commodity neutral approach," which limits benefits from higher steel prices. 3. U.S. Bancorp (USB) downgraded to Underweight from Neutral at JPMorgan with analyst Vivek Juneja saying the benefit from tax cuts and improving consumer spending are likely to be offset by increased tech spending. 4. Wayfair (W) downgraded to Accumulate from Buy at Gordon Haskett analyst Chuck Grom saying he believes it is important to remain disciplined with the stock at an all-time high, though Grom notes the rating change should not be interpreted as a concern for near-term sales trends, which he believes appear strong. 5. MetLife (MET) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Alex Scott citing ongoing uncertainty from an expanded reserve review following the announcement it will incur a $525M-$575M charge. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

PXD

Pioneer Natural

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CRZO

Carrizo Oil & Gas

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HK

Halcon Resources

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NFX

Newfield Exploration

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-0.39 (-2.32%)

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Encana

$6.43

-0.03 (-0.46%)

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Newfield Exploration

$16.43

-0.39 (-2.32%)

ECA

Encana

$6.43

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GOOS

Canada Goose

$58.40

-4.22 (-6.74%)

06:41
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GOL

Gol Linhas

$10.23

-0.44 (-4.12%)

, BA

Boeing

$323.21

-8.55 (-2.58%)

06:41
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12/10
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06:41
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Gol Linhas accelerates Boeing 737 MAX fleet renewal »

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GOL

Gol Linhas

$10.23

-0.44 (-4.12%)

BA

Boeing

$323.21

-8.55 (-2.58%)

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TSLA

Tesla

$357.84

-5.05 (-1.39%)

06:41
12/10/18
12/10
06:41
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06:41
Periodicals
Tesla CEO Elon Musk says he does 'not respect the SEC', FT reports »

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  • 13

    Dec

TVPT

Travelport

$15.40

-0.32 (-2.04%)

06:38
12/10/18
12/10
06:38
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06:38
Earnings
Travelport backs FY18 adj. EPS $1.34-$1.46, consensus $1.36 »

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LHCG

LHC Group

$102.10

-2.68 (-2.56%)

06:38
12/10/18
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06:38
Hot Stocks
LHC Group, LifePoint Health expand partnership with two acquisitions »

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  • 11

    Dec

RDS.A

Royal Dutch Shell

$59.30

0.13 (0.22%)

, RDS.B

Royal Dutch Shell

$60.72

-0.06 (-0.10%)

06:36
12/10/18
12/10
06:36
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06:36
Periodicals
Shareholder group Follow This targets BP, Shell over climate, Bloomberg reports »

Follow This, a Dutch…

RDS.A

Royal Dutch Shell

$59.30

0.13 (0.22%)

RDS.B

Royal Dutch Shell

$60.72

-0.06 (-0.10%)

BP

BP

$39.50

-0.09 (-0.23%)

CVX

Chevron

$115.57

-0.3 (-0.26%)

XOM

Exxon Mobil

$77.67

-0.69 (-0.88%)

03/08/13
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HA

Hawaiian Holdings

$30.60

-2.57 (-7.75%)

06:36
12/10/18
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06:36
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06:36
Conference/Events
Hawaiian Holdings to host investor day »

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  • 11

    Dec

LEE

Lee Enterprises

$2.19

0.01 (0.46%)

06:36
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12/10
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06:36
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Lee Enterprises announces Mary Junck moves to chairman »

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  • 14

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SLDB

Solid Biosciences

$25.66

-2.95 (-10.31%)

06:35
12/10/18
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06:35
Initiation
Solid Biosciences initiated  »

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TVPT

Travelport

$15.40

-0.32 (-2.04%)

06:35
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Siris Capital, Evergreen Coast Capital to acquire Travelport at $15.75 per share »

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ENS

EnerSys

$79.21

-1.8 (-2.22%)

06:34
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EnerSys sees run-rate synergies in excess of $25M from Alpha Group acquisition »

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ATEN

A10 Networks

$6.06

-0.08 (-1.30%)

06:32
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WBC

Wabco

$108.11

-3.51 (-3.14%)

06:31
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Wabco announces new $600M share repurchase program »

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  • 13

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JELD

Jeld-Wen

$16.85

-0.61 (-3.49%)

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TVPT

Travelport

$15.40

-0.32 (-2.04%)

06:29
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06:29
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Breaking Hot Stocks news story on Travelport »

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KEY

KeyCorp

$16.73

-0.37 (-2.16%)

, RF

Regions Financial

$14.90

-0.4 (-2.61%)

06:28
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06:28
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KeyCorp, Regions Financial rating change  »

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KEY

KeyCorp

$16.73

-0.37 (-2.16%)

RF

Regions Financial

$14.90

-0.4 (-2.61%)

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  • 17

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JD

JD.com

$20.93

-0.31 (-1.46%)

06:27
12/10/18
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06:27
Periodicals
Prosecutors near decision on charges for JD.com CEO over rape claims, WSJ says »

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AMZN

Amazon.com

$1,629.19

-71.31 (-4.19%)

06:26
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06:26
Periodicals
Amazon dismisses workers in U.S., India over data leak, WSJ reports »

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RF

Regions Financial

$14.90

-0.4 (-2.61%)

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VC

Visteon

$67.58

-4.1 (-5.72%)

, F

Ford

$8.82

-0.205 (-2.27%)

06:24
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12/10
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06:24
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Visteon, Ford rating change  »

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Visteon

$67.58

-4.1 (-5.72%)

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Ford

$8.82

-0.205 (-2.27%)

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FBHS

Fortune Brands

$42.60

0.07 (0.16%)

06:23
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