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$27.99 0.08 (0.29%)
12/4/2008 11:36 AM

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 LogicalBalatro (65.00) Submitted: 8/06/08 10:28 AM : Outperform Start Price: $31.08 USB Score: 22.49

I really like USB as a pick for the financial market. They have what I believe is a more lean system in a focused area, but they are growing steadily. They've crushed the industry and S&P YTD 2008 but 20 and 18 points respectively and I believe that trend can continue. There are other banks (Wells Fargo, BAC) that I think are good value now, but USB stands out as a market leader in their planning away from the sub prime mess.

They are also one of the few banks who's EBITDA didn't tank in the last few years. The directors are buying back shares, and the stock is set to soar. Oh, and one more thing, Mr. Buffet loves US Bank. So I'd say it's time to get on board.

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