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Jim Cramer's Mad Money (Free subscription) | 07/23/2008
Jim Cramer’s Mad Money Stock Picks for Tuesday July 22 2008. These are all of Jim Cramer’s stock picks that are a Buy! I bold my picks. Buy: Bank of America (BAC) Chesapeake Energy (CHK) Campbell Soup (CPB) Walt Disney (DIS) Google (GOOG) JPMorgan Chase (JPM) Staples (SPLS) US Bancorp (USB) Sell: Peabody Energy (BTU) Colonial Bancgroup (CNB) Kraft Foods (KFT) Annaly Mortgage (NLY) Office Depot (ODP)...
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Jim Cramer's Mad Money (Free subscription) | 07/23/2008
Jim Cramer’s Mad Money Stock Picks for Monday July 21 2008. These are all of Jim Cramer’s stock picks that are a Buy! I bold my picks. Buy: 3M (MMM) Nexen (NXY) US Bancorp (USB) Windstream (WIN) Watson Pharmaceuticals (WPI) Sell: Apple (AAPL) Oshkosh Truck (OSK) Otter Tail (OTTR) Always do your own research as these are recommendations and I make no guarantees. No one cares [...]
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Seeking Alpha (Free subscription) | 07/23/2008
Christopher Whalen submits: We turn away from the GSE mess to focus on the diversity of results in the Q2 numbers for the US banking sector. While overall the financial result for the US banking population is poor, some recognizable names such as Well Fargo (WFC), US Bancorp (USB) and BB&T (BBT) continue to perform strongly. In fact, as of the first quarter of 2008, IRA's analysis to support research...
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Seeking Alpha (Free subscription) | 07/21/2008
Jeffrey Lin submits: The bounce by the financials from the depths of hell last week was definitely a sigh of relief. The “less abysmal” earnings from first Wells Fargo (WFC) [that stagecoach really can run!], JP Morgan (JPM), and US Bancorp (USB) told us the sweeping assumption that all banks are goners was premature. Well, premature at least for now. Regardless of which side of the argument talking...
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Seeking Alpha (Free subscription) | 07/21/2008
James Cullen submits: Back in mid-January, at the height of the first real sell-off we’ve seen in this bear market, I offered that there were only three big financial companies worth buying: American Express (AXP), Wells Fargo (WFC), and US Bancorp (USB). I liked those two banks because they have great, conservative management teams that promote good underwriting practices, and weren’t booking short-term...
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Seeking Alpha (Free subscription) | 07/17/2008
Market Folly submits: I want to point out three charts that I've been monitoring. Each chart points out a separate staple of technical analysis. Yet, at the same time, they all illustrate the use of a stop loss and how you can identify where to place your stop on your holdings. 1. Support/Resistance. These are areas on the chart where you can visibly see a stock either having trouble breaking through...
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Seeking Alpha (Free subscription) | 07/16/2008
Kevin Cook submits: Yesterday I spoke with Jud Pyle, Chief Investment Strategist at The Options News Network , about trading action this week in regional bank names like Wells Fargo (WFC) and US Bancorp (USB). These stocks have been punished lately, along with the rest of the regionals, despite the fact they have reported no significant losses due to subprime risk and foreclosures. Both of them hit...
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Business Spectator (Free subscription) | 07/16/2008
Sixth-largest US bank hurt by higher credit losses. 16 Jul 2008 7:31 AM
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Reuters UK (Free subscription) | 07/15/2008
NEW YORK, July 15 (Reuters) - U.S. Bancorp posted a larger-than-expected 18 percent decline in quarterly profit on Tuesday after housing-related losses caused it to triple the amount it set aside for bad loans.
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Star Tribune (Free subscription) | 07/15/2008
The Minneapolis-based bank earned $950 million, or 53 cents per share, down from $1.16 billion, or 65 cents per share, during the same period last year. The latest results include 11 cents in net securities losses, reflecting write-downs of structured investment securities and the credit-loss provision.
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The Washington Times (Free subscription) | 07/15/2008
U.S. Bancorp said Tuesday its second-quarter earnings fell 18 percent as it more than tripled its provision for credit losses. The bank missed analysts' earnings expectations, but its stock price rose more than 1 percent.
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The Street (Free subscription) | 07/15/2008
The bank grew revenue and its balance sheet, while keeping well ahead of nonperforming loans.
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The Minneapolis/St. Paul Business Journal (Free subscription) | 07/15/2008
Continued stress on the housing and credit markets led to an 18 percent drop in second-quarter earnings for U.S. Bancorp, and the bank tripled its provision for credit losses. (USB)
