USB changes
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- Price
- $57.21 → $59.45(+3.9%)
- Recent events
- Oct added: 23, 2026: Vice Chair and Chief Risk Officer Jodi Richard resigned with immediate effect to join another public company. The bank said that she did not leave because of a disagreement. Chief Credit Officer Troy Remington is interim Chief Risk Officer while the bank looks for a successor. Oct 15, 2026: U.S. Bancorp reported Q3 2026 results. Net revenue was a record $7.97 billion, and diluted EPS was $1.34, up 9.8%. Net interest income rose 5.6% and fee revenue rose 14.9%, helped by a full quarter of BTIG. The net interest margin rose to 2.84%, and the net charge-off ratio fell to 0.51%. The bank raised its 2026 revenue growth guidance to 8% to 9%. It bought a small business credit card portfolio, which added a $135 million initial provision for credit losses. It bought back no shares in the quarter, and management said that it plans to restart buybacks in the next one or two quarters. Oct 15, 2026: U.S. Bank completed a pilot payment with USBDC, its own US dollar-backed stablecoin, between its entities in North America and Europe on the Stellar blockchain. Jul 16, 2026: U.S. Bancorp reported Q2 2026 results. Net revenue was a record $7.71 billion, and diluted EPS was $1.35, up 22%. Net interest income rose 7.5% and fee revenue rose 13.2%. It returned $1.0 billion to shareholders in the quarter through dividends and buybacks. Jun 24, 2026: After the Federal Reserve stress test, U.S. Bancorp said that its stress capital buffer stays at 2.6% until October 1, 2027. It planned to raise the quarterly dividend from $0.52 to $0.54 per share from Q3 2026. Jun 1, 2026: U.S. Bancorp completed the purchase of BTIG, a broker-dealer and investment bank. It paid $725 million at closing, half in cash and half in 6,600,594 shares, and it can pay up to $275 million more in cash over three years if BTIG meets targets.