U.S. Bancorp (USB), featured on the
NYSE, has significantly increased its
dividend to $0.52. Big names in finance like
Sciencast Management LP,
Voleon Capital Management LP, and
Silicon Valley Capital Partners, among others, have made hefty investments in the bank's shares, indicating robust confidence in the bank's performance. This boost comes alongside the revival of U.S. Bancorp's
BItcoin custody service, signaling a strategic digital shift for the bank. The increase in shares is also fuelled by the bank's announcement of a
4% common dividend increase and various series of preferred dividends. Despite the increase in dividends, the U.S. Bancorp (USB) stock reportedly dipped. However, financial analysts are positive about U.S. Bancorp's long-term financial flexibility and the potential impact of their latest debt issuance.
U.S. Bancorp continues to be a firm choice for investors seeking safe dividend stocks. Financial reports show increased earnings for the second quarter with net income standing at US$1,815 million. Key market players continue to show confidence in the bank's financial standing with Gunjan Kedia, from US Bancorp, set to become its first female CEO.
US Bancorp USB News Analytics from Thu, 16 Jan 2025 08:00:00 GMT to Sat, 13 Sep 2025 22:56:06 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -4
