US Bancorp at Deutsche Bank Global Financial Services Conference Transcript

Jan 23, 2024

May 31, 2022 / 07:15PM GMT
Matthew Derek O'Connor - Deutsche Bank AG, Research Division - MD in Equity Research

Okay. We're ready to get started. Next up is U.S. Bancorp. And with us today is Gunjan Kedia, Head of Wealth Management and Investment Services. This is a fireside chat format. So Gunjan, welcome.

Questions and Answers:

Matthew Derek O'Connor - Deutsche Bank AG, Research Division - MD in Equity Research

And I just thought from a high-level leading question, your businesses don't get as much attention as, say, payments, or right now, everyone is so focused on interest rates and loans. But they are 15% of USB's revenues, and they are a big driver of the high ROEs that USB enjoys. So I did want to just start off, how do your businesses fit into USB overall? Some like wealth management are a little more obvious maybe than others, but maybe we can start with that.

Gunjan Kedia - U.S. Bancorp - Vice Chairman of Wealth Management & Investment Services

Wonderful. It's very nice to be here, Matt.

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