U.S. Bancorp
0LHY.L
London Stock Exchange62.12
USD
+0.26
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U.S. Bancorp
0LHY.L
(London Stock Exchange)
Recent
price
62.12
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- U.S. Bancorp (NYSE: USB; LSE: 0LHY) is a diversified financial services holding company headquartered in Minneapolis, Minnesota, and incorporated in Delaware with roots tracing to a national bank charter granted in 1863. The company, parent to U.S. Bank National Association, operates over 2,000 branches primarily across 26 states in the Midwest and West, extending services nationally and globally to individuals, businesses, governments, and institutions. It ranks as the fifth-largest bank in the U.S. by assets, totaling approximately $676 billion as of March 2025, with core revenue segments encompassing consumer and business banking (32%), payment services (26%), and wealth, corporate, commercial, and institutional banking (42%). U.S. Bancorp provides a broad array of products and services, including depository products such as checking, savings, and time deposit accounts; lending solutions encompassing consumer loans, mortgages, home equity lines, auto loans, credit cards, commercial real estate loans, and corporate credit; payment services via Elavon merchant acquiring, corporate purchasing cards on the Visa network, debit and credit cards including co-branded offerings, and treasury management; wealth management through trust, investment advisory, brokerage, and asset servicing for registered closed-end funds; as well as cash management, foreign exchange, insurance, and leasing. Recent developments include the appointment of Gunjan Kedia as president and CEO in April 2025, succeeding Andy Cecere who transitioned to executive chairman; additions to the Managing Committee such as Felicia La Forgia for Institutional Client Group, Sekou Kaalund for Branch and Small Business Banking, Courtney Kelso for Consumer Payments, and Adam Graves for Enterprise Strategy; and the launch of Global Transaction Services to enhance cross-border payments in over 60 currencies across 100 countries. The company introduced the CEF Accelerator Platform for efficient closed-end fund launches, combining transfer agency, custody, fund accounting, and regulatory services; expanded personal loans up to $50,000 via its alliance with State Farm agents nationwide; debuted the U.S. Bank Shield Visa Card with a market-leading 0% introductory APR for 24 billing cycles and travel rewards; and completed the integration of prior acquisitions like TravelBank to bolster expense and virtual card management. U.S. Bancorp earned recognition as one of the 2025 World's Most Ethical Companies for the 11th year and topped Keynova Group's Mobile Banker Scorecard, underscoring its focus on digital innovation, ethical practices, and customer service amid strong financial metrics including a 10.8% CET1 ratio and $1.7 billion Q1 2025 net income.