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There were several bright spots. The company saw mortgage banking revenue rise by $215 million as homeowners refinanced during a stretch when interest rates were low. Revenue from commercial products rose 18.9 percent.
http://www.examiner.com/a-2279533~US_Bancorp_3Q_profit_rises_4_7_percent.html?cid=rss-Top_News
US Bancorp reported a 4.7 percent increase in its third-quarter profit on Wednesday and said bad loans aren't growing as fast as they were earlier this year. US Bancorp continued to suffer from stress in home construction and related industries. From the end...
NEW YORK, October 8 (newratings.com) - Analysts at UBS initiate coverage of US Bancorp (ticker: USB) with a "neutral" rating. [more]
http://www.newratings.com/en/main/company_headline.m?id=1973872
US Bancorp reported a 4.7 percent increase in its third-quarter profit on Wednesday and said bad loans aren't growing as fast as they were earlier this year.
http://news.yahoo.com/s/ap/20091021/ap_on_bi_ge/us_earns_us_bancorp
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Nov 02, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called an Uptrend for US Bancorp (NYSE:USB) on July 30, 2009 at $20.17.
Since then, US Bancorp has returned 18.5% as of today's recent price of $23.90. Want to profit from these alerts?
Go to www.mysmartrend.com now for a FREE two-week trial.
Write to Chip Brian at cbrian@tradethetrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: market nyse profit securities trial
Companies: U.S. Bancorp (USB)
Oct 21, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called an Uptrend for US Bancorp (NYSE:USB) on July 30, 2009 at $20.17.
Since then, US Bancorp has returned 24.3% as of today's recent price of $25.08. Want to profit from these alerts?
Go to www.mysmartrend.com now for a FREE two-week trial.
Write to Chip Brian at cbrian@tradethetrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: market nyse profit securities trial
Companies: U.S. Bancorp (USB)
Oct 26, 2009 (SmarTrend(R) Spotlight via COMTEX) --
US Bancorp (NYSE:USB) downgraded to Sell from Neutral at Rochdale. The stock closed Friday at $24.95 on volume of 13,937,835 shares, below average daily volume of 17,802,066.
US Bancorp is currently above its 50-day moving average of $22.32 and above its 200-day moving average of $18.27.
SmarTrend is bullish on shares of USB and our subscribers received an Uptrend alert on July 30, 2009 at $20.17, which has returned 23.7% to date.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: market nyse securities
Companies: U.S. Bancorp (USB)
CHICAGO, Oct 22, 2009 (BUSINESS WIRE) --
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: US Bancorp (NYSE: USB), Visa Inc. (NYSE: V), Genzyme Corp (Nasdaq: GENZ), Shire plc (Nasdaq: SHPGY) and Protalix BioTherapeutics Inc. (NYSE: PLX). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.
Here are highlights from Wednesday's Analyst Blog:
US Bancorp Exceeds Estimates
US Bancorp (NYSE: USB) has reported third quarter earnings of $603 million or 30 cents per share. Results were ahead of the Zacks Consensus Estimate of 26 cents, and reflected higher revenue and an increase in fee income.
However, credit losses and nonperforming assets continued to trend higher in the quarter, reflecting continued stress in the commercial, commercial real estate, residential real estate and consumer loan portfolios. We note that the rate of deterioration has somewhat moderated in the quarter.
Quarterly results were, however, impacted by a $415 million of provision for credit losses in excess of net charge-offs, net securities losses of $76 million and a gain of $39 million associated with the company's investment in Visa Inc. (NYSE: V). These items reduced earnings by 19 cents per share.
Results for the quarter were driven by record total net revenue of $4.3 billion, representing an increase of 2.2% sequentially and 25.8% year-over-year. Results reflected a growth in interest income and fee income.
Credit metrics continued to deteriorate in the quarter, though the rate of deterioration has moderated. Net charge-offs were 227 basis points (bps) of average loans outstanding, up 24 bps sequentially and 108 bps year-over-year.
Non-performing assets as a percentage of related assets were 2.39%, up 19 bps sequentially and 151 bps year-over-year. As a result, provisions for credit losses increased to $1.5 billion from $1.4 billion reported in the prior quarter and $748 million in the year-ago period.
Genzyme Misses & Slashes
This morning, Genzyme Corp (Nasdaq: GENZ) reported third quarter earnings of 19 cents per share, which was well below the Zacks Consensus Estimate of 31 cents and the year ago earnings of 93 cents. Moreover, revenues declined 9% to $1.06 billion.
As expected, the temporary shutdown of the company's Allston manufacturing facility earlier this year impacted overall financial results. Although the company has resumed production at this facility, the temporary shutdown led to a disruption in the supply of key products Cerezyme and Fabrazyme.
Cerezyme's performance was highly affected with sales dropping 69.7% to $93.6 million in the reported quarter. Fabrazyme sales came in at $115.2 million, down 8% from the prior-year quarter. Genzyme expects to resume supply of new lots of Cerezyme and Fabrazyme from late November and late December, respectively. The company believes it will be in a position to meet anticipated demand for both products in the first quarter of 2010.
However, we believe Cerezyme, which is approved for the treatment of Gaucher disease, could lose some share to Shire plc's (Nasdaq: SHPGY) velaglucerase alfa and Protalix BioTherapeutics Inc.'s (NYSE: PLX) Uplyso, both of which are currently available under the US Food and Drug Administration's (FDA) expanded access program.
We believe the availability of these two products, which have yet to receive FDA approval, could eat into a part of Cerezyme's patient base. Once launched, both products will compete directly with Cerezyme. Although Genzyme holds a leading position in the treatment of Gaucher disease, the patient population for the disease is not large. As such, the entry of additional players in the market could restrict its growth opportunities in the future.
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5516.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4580.
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SOURCE: Zacks.com
Zacks.com Mark Vickery, 312-265-9380 Web Content Editor Visit: www.zacks.com
Tags: commercial consumer disease earnings email e-mail equity fda investment investment opinion manufacturing market nasdaq note nyse population prices products profit property real estate research residential revenue sales securities security
Companies: Genzyme Corp. (GENZ), Shire PLC (SHPGY), U.S. Bancorp (USB), Visa Inc (V)
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Filed under: Gaming<img vspace="4" hspace="4" border="1" alt=""
http://www.engadget.com/2008/06/30/video-first-demonstration-of-in-game-xmb-on-ps3-v2-40/
Ticker: ABT Market cap (billions): $83.6 P/E ratio*: 19 Earnings growth**: 11% Dividend yield: 2.6% Abbott Laboratories, the fourth-largest drugmaker in terms of annual sales, has had tremendous success with fast-growing drugs like Humira, an anti-inflammatory, and Kaletra, an HIV treatment.
http://money.cnn.com/galleries/2008/fortune/0806/gallery.retire_rich_Fortune40.fortune/
Dan Fitzpatrick examines three stocks viewed on RealMoney.com. Today's stocks include Devon Energy, US Bancorp and Wal-Mart.
Receive a complete Daily History of this Stock You can receive a complete daily file of this issue since 1970 or stock inception. We will email you the file in ASCII format within a few hours or ordering.
Total : 232 View more »
Information about US Bancorp (Delaware) ... RSS feeds allow Web site content to be gathered via feed reader software.
us bancorp delaware com: 2.66% morgan stanley com stk: 2.33% american express co com: 2.31% visa inc usd0.0001 'a' 2.13% bank of new york mellon: 1.86%
020002101: 615: 18,074.85: 1.03% transocean ltd chf15: rig: h8817h100: 230: 17,443.20: 0.99% us bancorp delaware com stk usd0.01: usb: 902973304: 665: 15,042.30: 0.85%
http://www.nationwide.com/mutual-fund-nationwide-value-fund.jsp
us bancorp delaware com: 3.14% goldman sachs group inc: 1.92% american express co com: 1.91% prudential financial inc: 1.82% bank of new york mellon: 1.81% wachovia corp com stk