Mar 09, 2022 / 01:00PM GMT
Gerard Sean Cassidy - RBC Capital Markets, Research Division - MD, Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst
Good morning, everyone. This is Gerard Cassidy from RBC Capital Markets. Welcome to the second day of the RBC Financial Institutions Conference. We're very pleased to have, to kick off the second day, U.S. Bancorp.
As many of you know, U.S. Bancorp is the fifth largest bank in the United States with approximately $575 billion in assets. It's headquartered in Minneapolis. As of yesterday, its market cap was about $79 billion, $80 billion. The stock trades at about 1.6x book value. It has about a 3.3% dividend yield.
With us today is Terry Dolan, the Vice Chair and Chief Financial Officer of U.S. Bancorp. Terry has been in this position since 2016. From 2010 to 2016, he was in charge of the wealth management area and has been with the company for a number of years.
Also joining us is Tim Welsh. He's the Vice Chair of Consumer and Business Banking. Tim has taken this position since the spring of 2019. And prior to that, he was responsible for the
US Bancorp at RBC Capital Markets Financial Institutions Conference (Virtual) Transcript
Jan 23, 2024
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