U.S. Bancorp (USB)
U.S. Bancorp is a bank holding company with headquarters in Minneapolis, Minnesota. It is the fifth largest banking corporation in the US that owns the major consumer bank U.S. Bank National Association. Learn the latest information and analysis on the company, USB stock price today, stock news, how much one share costs and other information to help you make investment decisions.
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U.S. Bancorp dates back to the First National Bank of Minneapolis founded in 1864 and the United States National Bank of Portland established in 1891. The corporation became known as U.S. Bancorp in 1969. It is the fifth-largest bank in the US by assets, with holdings of over $500 billion. The consumer-focused bank has over 3 thousand branches and almost over 4 thousand ATMs.
USB is the second largest Berkshire Hathaway bank holding after Bank of America. The fund owns an $8.3 billion stake. The U.S. Bancorp stock price dropped at the beginning of 2022 with the rest of the sector, but is expected to grow due to rising interest rates.
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