U.S. Bancorp's Q1 Earnings Miss Wall Street Forecasts
U.S. Bancorp's first-quarter net income rose 7 percent as lower costs offset falling revenue, shy of most Wall Street predictions.
us bancorp
The 7 Safest Banks in America
Moody's downgrade of 15 of the world's largest banks, along with JPMorgan Chase's multibillion-dollar trading loss, make it clear that big banks aren't always as safe as we'd hope. Still, we have to keep our money somewhere -- So 24/7 Wall St. has compiled a list of the nation's safest banks.
How Colleges Are Still Getting Rich Off Your Kids
For years, credit card companies have targeted college students to gain access to a lucrative source of profits: student debt. And despite laws designed to stop the practice, colleges and universities are still taking huge payments from card companies -- at your kids' expense.
Fixing Massachusetts Foreclosures Won't Be So Easy
A top Massachusetts court has criticized banks for their "carelessness" during the securitization of mortgages in the state. But interests supporting the banks have issued their own messages -- trying to minimize the court's decision.
Buffett's Berkshire Questioned by SEC on Accounting for Kraft, U.S. Bancorp Losses
Warren Buffett's Berkshire Hathaway Inc. was questioned earlier in the year by U.S. regulators on why the holding company didn't write down $1.86 billion in losses largely from its investments in Kraft Foods Inc. and U.S. Bancorp during the second quarter.
Seesaw Market Says Investors Are Overreacting to News
The recent seesaw activity in the stock market has prompted some analysts to suggest investors may be overreacting to financial news. After marching more than 115 points higher on Tuesday, the Dow Jones Industrial average fell more than 122 points in Wednesday's market sell-off.
Record Revenues, Fee Income Boosts U.S. Bancorp
U.S. Bancorp reported fourth quarter profits 82% better than last year powered by record revenue growth of $4.4 billion. During the earnings call executives were upbeat about its ability to generate strength from the bank's loan portfolio during the economic downturn.
Federal Reserve Fights to Keep Its Bailout Secrets
Since the financial crisis began in 2008, the Federal Reserve Bank has willingly poured trillions into keeping financial firms afloat. What it's unwilling to do is give taxpayers the details about who got the money.
