SANTA ANA, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) -- As automotive technology continues to advance, so does the need for more efficient and versatile diagnostic tools. The launch of VDIAGTOOL VD70S is an example of how the industry is adapting, combining both Wi-Fi and USB connectivity in a single device. With a focus on practical functionality, this tool offers a range of features designed to address the everyday challenges faced by technicians. In this article, we explore the role of such innovations in i ...

U.S. Bancorp (NYSE:USB) Goldman Sachs 2024 U.S. Financial Services Conference Call December 11, 2024 9:20 AM ET Company Participants Andrew Cecere - Chairman & CEO John Stern - Senior Executive VP & CFO Conference Call Participants Richard Ramsden - Goldman Sachs Group Richard Ramsden Okay. I'm delighted to welcome our next panelists. So we have Chairman and CEO, Andy Cecere of USB; and John Stern, who's the CFO. Andy has been in the CEO position since, I think, 2017. And I think you've been at this confere ...

Dublin, Nov. 14, 2024 (GLOBE NEWSWIRE) -- The "USB Camera Controller Market: Analysis By Type, By Device Type, By Connectivity, By Application, By Region Size and Trends and Forecast up to 2029" report has been added to ResearchAndMarkets.com's offering.The global USB camera controller market in 2023 stood at US$2.01 billion and is likely to reach US$4.30 billion by 2029. The global USB camera controller market is projected to grow at a CAGR of 13.53% during the forecast period of 2024-2029. These controll ...

U.S. Bancorp (NYSE:USB) BancAnalysts Association of Boston's Annual Bank Conference November 7, 2024 10:30 AM ET Company Participants John Stern - Senior Executive Vice President and Chief Financial Officer Stephen Philipson - Senior Executive Vice President and Head of Wealth, Corporate, Commercial and Institutional Banking Conference Call Participants Gerard Benson - Fidelity Gerard Benson Good morning, everyone. There we go. I'm Gerry Benson with Fidelity. And presenting today, we have U.S. Bancorp, a fi ...

Company and Industry Overview * **Company**: U.S. Bancorp (NYSE: USB), a financial services holding company with international operations and the parent company of U.S. Bank. * **Headquarters**: Minneapolis, Minnesota. * **Market Position**: Fifth largest bank in the United States with $686 billion in assets as of September 30, 2024. * **Business Model**: Diversified business model with a focus on retail banking, commercial and corporate banking, and wealth and capital markets. * **Key Segments**: * Retail banking: Serving over 13 million consumer clients. * Commercial and corporate banking: Serving nearly 1.5 million businesses. * Wealth and capital markets: Providing wealth management, investment services, and capital markets solutions. Core Business Lines and Growth Strategies * **Retail Banking**: * Strong retail presence in over half of the states in the United States. * National product set including payments ecosystem, cards, corporate cards, and commercial and corporate businesses. * Focus on capital-efficient distribution through branch network, digital capabilities, and strategic partnerships. * **Commercial and Corporate Banking**: * Strong focus on transaction-related businesses, particularly in payments ecosystem and institutional businesses. * Over 60% fee growth in transaction-related businesses. * Over 60% of revenue in wealth and capital markets comes from fees. * Differentiated product set and global reach. * **Wealth and Capital Markets**: * Strong growth in institutional and wealth management businesses. * Number one in market share for wealth management and investment services. * Differentiated product set and global reach. * Focus on capital markets, investment services, and wealth management. * Expansion into new product areas such as commodities and structured credit. * Leveraging interconnected approach across the bank to drive growth. Key Growth Initiatives * **Capital Markets**: * 15% CAGR growth over the past few years. * Focus on client depth, product expansion, and expanding reach. * Uptiering client relationships from participant to lead bank. * Offering comprehensive solutions to fast-growing segments such as private capital. * Expansion into new product areas such as commodities and structured credit. * **Investment Services**: * Strong scale and growth in corporate trust, fund services, institutional trust, and custody. * Focus on leveraging scale to grow market share and differentiate through high-touch service model and interconnected approach. * Expansion into private capital and global asset management. * **Wealth Management**: * Strong growth in wealth management business. * Leveraging interconnected approach across the bank to drive growth. * Expansion into new markets and leveraging existing customer base. Financial Outlook * **Net Interest Income (NII)**: Expected to remain relatively stable in the fourth quarter due to flat loan growth and offsetting effects of asset repricing and liability repricing. * **Fee Income**: Expected to grow at a mid-single-digit rate in the fourth quarter, driven by strong performance in capital markets, investment services, and wealth management. * **Overall**: U.S. Bancorp remains confident in its growth prospects and execution momentum across its diversified business lines.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Title of each classTrading symbolsName of each exchange on which registered Common Stock, $.01 par value per share USB New York Stock Exchange Depositary Shares (each representing 1/100th interest in a share of Series A Non-Cumulative Perpetual Preferred Stock, par value $1.00) USB PrA New York Stock Exchange Depositary Shares (each repre ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

U.S. Bancorp (USB) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since ...

Shares of U.S. Bancorp  (USB) rose 4.7% as third-quarter 2024 earnings per share of $1.03 surpassed the Zacks Consensus Estimate of $1. Results benefited from lower non-interest expenses.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.U.S. Bancorp Price, Consensus and EPS Surprise Decrease in Non-Interest Expenses Aids USB’s ResultsU.S. Bancorp’s non-interest expenses declined 7.2% year over year to $4.20 billion in the third quarter of 2024. The fall was due to lower other n ...

U.S. Bancorp (NYSE:USB) Q3 2024 Earnings Call Transcript October 16, 2024 8:00 AM ET Company Participants George Andersen - SVP and Director of IR Andy Cecere - Chairman and CEO John Stern - CFO Gunjan Kedia - President Conference Call Participants Scott Siefers - Piper Sandler John Pancari - Evercore ISI Betsy Graseck - Morgan Stanley Erika Najarian - UBS Mike Mayo - Wells Fargo Securities Gerard Cassidy - RBC Capital Markets Vivek Juneja - JPMorgan Ebrahim Poonawala - Bank of America Matt O'Connor - Deuts ...