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$27.87 0.33 (1.20%)
7/18/2008 1:20 PM

US Bancorp (USB)

CAPS Rating:
***

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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Avatar MENGIV (< 20) Submitted: 5/17/08 9:19 AM : Outperform Start Price: $33.44 USB Score: -4.55

US Bancorp -- A banking stock when the banking and financial stocks are expected to still be hurting another year? Well USB may have fallen off their 52 wk high of $35.25 to a low of $27.86 but their decline was no where near that of other banks. USB could also be in sound position to take advantage of the current market conditions to buy up or aquire other regional banks in trouble. They have a PE of 14.01 and a dividend paying 5%. This bank is an exception to the rule in the current market and is already near the target price of $32 at $31.90 a share. This is a long term hold for 3 to 5 years.

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