2024-02-14 06:21:27 ET
Summary
- U.S. Bancorp is a financial services holding company founded in 1863 and headquartered in Minneapolis, Minnesota.
- The company has experienced a lot of growth throughout the years and has a healthy solvency profile.
- Its Series B Non-Cumulative Perpetual Preferred Stock offers a high dividend yield but carries risks such as the possibility of redemption and a lower dividend yield in the future.
- The benefits outweigh the risks here, making the shares attractive at current levels.
U.S. Bancorp ( USB ), founded in 1863 and headquartered in Minneapolis, Minnesota, is a financial services holding company that provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services....
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U.S. Bancorp: The Preferreds Are Still Attractive