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The Company provides financial services including lending & depository services, also engages in credit card, merchant, ATM processing, mortgage banking, insurance, trust & investment management, brokerage, & leasing activities in domestic markets.
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sheycavin (90.20) Submitted: 12/10/07 12:10 AM : Start Price: $31.34 USB Score: 29.41
The credit blues have gotten to USB's share price but not the company. With very limited exposure to subprime loans and the credit market in general USBancorp is as fundamentally sound today as it was this time last year. Half of their revenue comes from non-interest related services like financial planning and credit counseling. Management has committed to returning 80% of earnings to shareholders. How can you not like that? They are the dominant bank in their rapidly expanding market. Their unique focus on customer satisfaction also sets them apart from larger rivals. A strong stock repurchase program and constant cost cutting has kept EPS growing at over 30% per year for the last five years. Management-A Fundamentals-A MOAT-B Growth Opportunities-A Price-B
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