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USB

U.S. Bancorp

$50.20

0.3 (0.60%)

06:47
04/17/19
04/17
06:47
04/17/19
06:47

U.S. Bancorp reports Q1 return on average assets of 1.49%

Reports Q1: Return on average assets of 1.49% and return on average common equity of 14.3%... Return on tangible common equity of 18.4%... Returned 77% of 1Q earnings to shareholders through dividends and share buybacks... Net interest income grew 2.9% year-over-year (2.8% on a taxable-equivalent basis) with positive operating leverage of 1.0% on a year-over-year basis... Average total loans grew 0.9% on a linked quarter basis and 2.4% (3.7% excluding the impact of loan sales) year-over-year... Nonperforming assets decreased 16.5% on a year-over-year basis.

  • 17

    Apr

  • 29

    May

USB U.S. Bancorp
$50.20

0.3 (0.60%)

03/25/19
JEFF
03/25/19
NO CHANGE
JEFF
Jefferies downgrades Financials to Underweight on 'shocking' Fed meeting
Jefferies analyst Steven DeSanctis is "very surprised" by last week's Federal Reserve's decision taking rate hikes completely off table in 2019. The "shocking" Fed meeting means lower rates for longer, which is not good for Financials, DeSanctis tells investors in a research note. A "lack of catalysts and weaker earnings growth" going forward for the entire sector, not just banks, means an Underweight rating on the space makes sense, says the analyst. As such, he downgraded his rating on the Financial sector to Underweight from Market Weight. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
02/08/19
02/08/19
NO CHANGE

Odeon's Bove says buy SunTrust, Midwest banks after deal announcement
Odeon analyst Dick Bove recommends investors buy shares of SunTrust (STI) following the company's announcement of an agreement to merge with BB&T (BBT), stating that the deal is expected to be accretive by 2021, but likely to be dilutive before this time. He also thinks investors should consider buying a group of Midwestern banks, as the deal puts "significant pressure" on those banks to merge. Banks such as Fifth Third (FITB) and KeyCorp (KEY) "need to join forces," while PNC (PNC) and U.S. Bancorp (USB) "need to buy more scale," Bove stated in his research note.
01/28/19
01/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Autohome (ATHM) downgraded to Underweight from Neutral at JPMorgan with analyst Binbin Ding saying he expects the company to see weakened pricing power amid a "challenging" market environment. 2. Vale (VALE) downgraded to Hold from Buy at HSBC and Jefferies, to Neutral from Outperform at Macquarie, and to Market Perform from Outperform at BMO Capital. 3. Amgen (AMGN) downgraded to In Line from Outperform at Evercore ISI with analyst Umer Raffat citing increased biosimilar competition and an imminent court decision on Enbrel patents with Sandoz. 4. Dynagas LNG (DLNG) downgraded to Neutral from Buy at B. Riley FBR with analyst Liam Burke saying the company "significantly" reduced its cash distribution in order to strengthen its balance sheet. 5. SunTrust (STI) and U.S. Bancorp (USB) were downgraded to Neutral from Outperform at Baird. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/28/19
BARD
01/28/19
DOWNGRADE
Target $55
BARD
U.S. Bancorp downgraded to Neutral following recent rally at Baird
As reported previously, Baird analyst David George downgraded U.S. Bancorp to Neutral from Outperform. The analyst cited its recent rally and outperformance of the banking index relative to the market. He said the risk/reward is now more balanced and noted that the stock trades at a slight premium to peers. George maintained his $55 price target on U.S. Bancorp shares.

TODAY'S FREE FLY STORIES

WPG

Washington Prime

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$NSD

NASDAQ Market Internals

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GOOS

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-1.605 (-3.27%)

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$NYE

NYSE Market Internals

$0.00

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DTE

DTE Energy

$128.90

0.6 (0.47%)

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DTE Energy officer Mark Stiers sells almost $1.3M in company shares »

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DNR

Denbury Resources

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-0.15 (-8.72%)

15:10
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Denbury Resources draws call buying as shares probe 2019 lows »

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  • 07

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WETF

WisdomTree

$6.13

-0.305 (-4.74%)

15:06
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WisdomTree CEO Jonathan Steinberg buys over $496K in shares »

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  • 18

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HPQ

HP Inc.

$19.16

-0.13 (-0.67%)

15:04
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Options
HP Inc. options imply 7.1% move in share price post-earnings, above median historical move »

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  • 23

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TMUS

T-Mobile

$75.93

-0.42 (-0.55%)

, S

Sprint

$6.91

0.22 (3.29%)

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Pennsylvania PUC approves application related to proposed Sprint/T-Mobile merger »

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TMUS

T-Mobile

$75.93

-0.42 (-0.55%)

S

Sprint

$6.91

0.22 (3.29%)

03/08/13
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  • 13

    Jun

MAXR

Maxar Technologies

$7.93

0.78 (10.91%)

14:59
05/23/19
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Breaking Hot Stocks news story on Maxar Technologies »

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CMG

Chipotle

$666.60

-39.45 (-5.59%)

14:55
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14:55
Hot Stocks
Chipotle disagrees with downgrade, sees no major impact from African swine fever »

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  • 29

    May

  • 25

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  • 27

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  • 09

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MAXR

Maxar Technologies

$7.93

0.78 (10.91%)

14:55
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Maxar selected to build, fly first element of NASA's Lunar Gateway »

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HLF

Herbalife Nutrition

$43.33

-1.03 (-2.32%)

14:55
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Options
Herbalife put volume heavy and directionally bearish »

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VRNT

Verint

$54.60

-6.61 (-10.80%)

14:54
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  • 29

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ADSK

Autodesk

$168.15

-5.96 (-3.42%)

14:49
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Autodesk options imply 8.6% move in share price post-earnings, below median historical move »

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GWR

Genesee & Wyoming

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-0.55 (-0.64%)

, BX

Blackstone

$40.81

-0.89 (-2.13%)

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Genesee & Wyoming

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NXPI

NXP Semiconductors

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14:45
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NXP Semiconductors call volume above normal and directionally bullish »

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  • 29

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  • 13

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FE

FirstEnergy

$42.94

0.31 (0.73%)

14:36
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HII

Huntington Ingalls

$202.83

-6.34 (-3.03%)

14:35
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Hot Stocks
Huntington Ingalls VP William Ermatinger sells almost $400K in company shares »

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  • 29

    May

QRVO

Qorvo

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-0.83 (-1.38%)

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UIS

Unisys

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14:31
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  • 25

    Sep

MAXR

Maxar Technologies

$8.20

1.05 (14.69%)

14:28
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BX

Blackstone

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, PLD

Prologis

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BX

Blackstone

$40.84

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PLD

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