US Bancorp (USB)

Made me feel a bit sheepish when the company was offered at $29.75 ---which is at an 8% discount to what Mr Buffett paid. In this sub-prime mess, the quality banks will prevail and most likely gain market share as some of their competitors run into trouble or fold.

Hathaway support & low exposure to poor loans.

progressive banking

Buffet owns it. I think it's a solid bank

High quality banking company, painted with the same brush as the big wall street banks.

Well managed bank.

Mirroring a pro's picks here

buffett likes it

Good bank. Should not be pulled into the sub prime mess. Good dividend while we wait for the financials to go up.

hunch

This is a great long stock. I have a feeling banks will do well, because I really can't see them getting any worse.

I am buying bank shares. Buy when others are panicking, where have I heard that? I find in-depth analysis of banks very difficult. I have bought 2 Canadian banks (considered conservative), one Irish bank (Motley fool purchased and Global Gain Recommendation) and now 1 Americain. Why this one? Buffet + dividend. He has added to his stake since everyone started freaking about subprime. I may find it difficult to do in-depth analysis of banks, but I think Buffet might be OK :) Next one on my list is Wells Fargo, Buffets favorite bank stock. I am putting together a nice group of dividend paying stocks. I hope Kraft goes down to $30!

definite survivor in financials

The financials, and more specifically, the depositories, will lead the next bull run. Once the writedowns and huge reserving ends, these companies should see rocketing EPS. I think this will happen in the next 6 - 9 months.

Additionally, those banks that both have and have access to capital, can put it to work in a good environment right now. The yield curve is no longer inverted and credit spreads are at historic highs,. This translates into earnings for those banks that are putting money to work. Add to that the potential of buying assets (and whole banks) for pennies on the dollar, and this could be the ideal setup for a strong depository for a nice 4 - 6 year run.

I may have missed the recent rally by a week, but I don't think I need to time this stock. USB has always been on the more conservative side (a la my other favortie, WFC), and therefore should be one of the leaders coming out of this mess.

Bottom line, four years from now, USB will be higher, and it will outperfrom the S&P.

Not A buy? Here is why!

This is the first Bank I've delt with that I feel has deceptive practices. Having close to the top 5% in credit score. I purchased a vehicle and received a loan. Within the first few payments I realized there are some issues with this company. Trying to pay down this loan I added extra payments. They charge you interest not yet due first before you can pay down your loan. Even with 100% monthly payments paid in full.

Here's how it works.

If you pay more than what you owe on a loan. They apply it towards your next payment even if you state on your check please apply towards principal. This in turn does not pay down your loan but takes the interest off of your next payment. Which lowers your next payment but does not pay off your principal adding interest. You have to physically pay another address to pay principal adding to postage. They dont tell you unless you wreak havoc on customer service. Which we don't want to go there.

Prove me wrong and call 681-466-3000

Ask for the Executive Vickki

These are just my opinions.

It just seems like a shady company.

Now I know why people are losing faith in the US financials.

one of the best financial stocks out there

Undervalued.

Somebody has to survive in the banking industry. USB is better positioned than most and has fewer toxic assets.

Good technicals, great bank, consistent.