U.S. Bancorp

U.S. Bancorp latest bank to lower profit forecast


Expectations of more rate-cutting and slower GDP growth led the Minneapolis company to scale back its net income and revenue projections through 2022.


Lower securities yields could squeeze banks' 3Q profit, report says


M&T Bank, Zions and Comerica are among the regional banks facing the most pressure on net interest margins, Wells Fargo analysts said in a research note to investors.


KeyBank rolls out no-fee overdraft, debit-linked savings accounts


The new products, along a 2% cash-back credit card, are aimed at helping customers build savings and reduce debt.


Fee momentum timely for U.S. Bancorp


Executives at the Minneapolis bank, who expect two Fed rate cuts this year, said they can rely on growth in noninterest income to soften the blow.


Business loans, mortgages, fees were 2Q bright spots for U.S. Bancorp


The Minneapolis bank reported growth across several lending and noninterest income categories in the second quarter, which offset net interest margin pressures and declining deposit service fees.


U.S. Bancorp closing branches in Chicago


The regional bank has begun closing branches in Chicagoland as part of a plan to reduce its net number of brick-and-mortar offices by up to 15% even as it looks to expand in the Southeast.


U.S. Bank worker fired after blowing whistle on sales scheme, suit says


A former call center worker says he lost his job last year after reporting that employees were given incentives to market credit cards to ineligible borrowers.


C&I a bright spot in 'disappointing' quarter for lending


Even as consumer and CRE lending slowed in the first quarter, business lending — particularly to middle-market companies — surged. But some banks are already warning that the growth could taper off as competition from nonbanks heats up.


Think a Comerica sale is off the table? Don't be so sure


Investors seem to be betting that a long-rumored sale of the Dallas company is on hold now that it has named a new CEO, but analysts say it remains an attractive takeover target for a larger regional bank.


Charlotte bound: U.S. Bank expanding into hometown of BofA, BB&T-SunTrust


The Minneapolis bank will open about 10 branches in North Carolina's largest city by the end of next year, adding to already intensifying competition among big banks.