USB - US Bancorp

[BadThad]

Another bank play, looks like it may be a good time to buy in and it's fairly inexpensive.

10-day Avg Vol 8.7M
Shares Out. 1.7B
Dividend/Yield $1.60/4.82%

USB on Google Finance

Chart

Dividend Chart

U.S. Bancorp operates as a financial holding company and a bank holding company. It provides a range of financial services, including lending and depository services, cash management, foreign exchange and trust and investment management services. It also engages in credit card services, merchant and Automated Teller Machine (ATM) processing, mortgage banking, insurance, brokerage and leasing. It’s banking subsidiaries are engaged in the general banking business, principally in domestic markets. The subsidiaries provide a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. U.S. Bancorp is the parent company of U.S. Bank. The Company’s products and services are provided through four major lines of business: Wholesale Banking, Payment Services, Wealth Management and Consumer Banking. In November 2006, it announced an agreement to acquire United Financial Corp.

Today's Price: $32.85

[BadThad]

Good buy-in point coming, bol bands starting to tighting after this down swing....keep an eye open! ;)

[BadThad]

Might be warming up to a really good buy. News today:

US Bancorp profit slips 3.7%

(8:10 AM ET) NEW YORK (MarketWatch) -- US Bancorpsaid Tuesday its second quarter profit slipped 3.7% to $1.16 billion, or, 65 cents a share, from $1.20 billion, or, 66 cents a share a year ago. Analysts polled by Thomson First Call had expected the company to earn 67 cents a share in the quarter. US Bancorp said the results, "reflected an expected increase in credit costs and lower net interest income from a year ago." The company also said Michael Doyle, its chief credit officer, has resigned. Bill Parker and Scott Hickey will share responsibilities of the CCO post on an interim basis, the bank said.

Weekly chain-store sales rise 3.4% vs. year-ago: survey

[BadThad]

Price still dropping....this is forming into a good bottom play soon. Anyone else? Where's my technical trader help?

[BadThad]

RSI down below 30, way oversold. The time to buy is NOW, anyone care to join me for making some $$$? Great divy payout and a stock that's almost sure to go up. I'll take a PPS increase and a divy!

[BadThad]

Dang, I bought at what I figured would be the low $31.30, then the bear market kicked my ass and it closed at $30.90. It held it's own pretty good considering the severity of the bear market.

No problem waiting for the bulls, maybe I'll pick up some nice divy's while I'm waiting. Anyone stalking my little thread should do their DD on USB. I think it's a tremendous bargin ATM.

[BadThad]

Hopefully today is the day for moving back up....looking good so far this morning, up 1.26%.....fingers crossed the bears are done with USB.

[Ciao]

where is my post gone?? :confused: :mad:
the other day (I think was Tuesday 24th)

+/- I posted this
BadThad
NYSE:USB this I can trade….

The div I believe they paid it on June, therefore the next it will be in September
Is that div $1.60 x Q or is divided by 4Q (0.40 every Q)

I must have clicked somewhere else??

[BadThad]

Originally Posted by Ciao

where is my post gone?? :confused: :mad:
the other day (I think was Tuesday 24th)

+/- I posted this
BadThad
NYSE:USB this I can trade….

The div I believe they paid it on June, therefore the next it will be in September
Is that div $1.60 x Q or is divided by 4Q (0.40 every Q)

I must have clicked somewhere else??

Yea, 0.40 every Q. If they paid $1.60 every Q, I'd have a LOT of this stock. LOL ;)

[Ciao]

Hi Badthad

I will keep an eye on them..
try to get the Sept. div (buying 3 days before)

today in this "red sea" they seem to hold well