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MarketScreener Homepage  >  Equities  >  Nyse  >  US Bancorp    USB

US BANCORP

(USB)
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U.S. Bancorp to Close More Branches

10/14/2020 | 09:59am EST

By Allison Prang

U.S. Bancorp is closing an additional 15% of its branches, its chief executive said Wednesday.

The regional lender previously announced a plan to close between 10% and 15% of its branch locations. CEO Andy Cecere said Wednesday that the company has closed about 10% of those branches so far to date, and that it expects to close 15% additional locations by early next year.

Mr. Cecere said the "majority of these additional closures were branches that were impacted by COVID-19 and they will remain closed."

"While physical branches and personal interactions will always be important, we need fewer branches today than we did even a few years ago," Mr. Cecere said.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

10-14-20 0958ET

Stocks mentioned in the article
ChangeLast1st jan.
ENTERPRISE BANCORP, INC. 0.68% 26.6 Delayed Quote.-21.46%
THE BANCORP, INC. -2.10% 12.59 Delayed Quote.-0.85%
US BANCORP -1.05% 44.21 Delayed Quote.-24.64%
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More news
Financials (USD)
Sales 2020 23 278 M - -
Net income 2020 4 594 M - -
Net Debt 2020 - - -
P/E ratio 2020 14,6x
Yield 2020 3,80%
Capitalization 66 600 M 66 600 M -
Capi. / Sales 2020 2,86x
Capi. / Sales 2021 2,91x
Nbr of Employees 69 651
Free-Float 70,8%
Chart US BANCORP
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US Bancorp Technical Analysis Chart | MarketScreener
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Technical analysis trends US BANCORP
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 45,55 $
Last Close Price 44,21 $
Spread / Highest target 44,8%
Spread / Average Target 3,04%
Spread / Lowest Target -9,52%
EPS Revisions
Managers
NameTitle
Andrew J. Cecere Chairman, President & Chief Executive Officer
Jeffry H. von Gillern Vice Chairman-Technology & Operations Services
Terrance R. Dolan Chief Financial Officer & Vice Chairman
Olivia Faulkner Kirtley Lead Independent Director
Roland A. Hernandez Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
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SUMITOMO MITSUI FINANCIAL GROUP, INC.-20.98%41 435