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Enter Symbol:
 
U.s. Bancorp (USB) [hlAlert]

Rating:
Sell USB
down 27.47 %

Pete-Najarian owns USB Puts

Posted on: Friday,  Mar 7, 2008  9:15 PM ET by Fast Money Pete Najarian

Fast Money Pete Najarian rated Sell U.s. Bancorp (NYSE: USB) on 03/07/2008, when the stock price was $30.88.
Since then, U.s. Bancorp has gained 37.89% as of 01/14/2016's recent price of $42.58.
If you would have followed this Fast Money Pete Najarian's recommendation on USB, you would have lost 27.47% of your investment in 2869 days.

U.S. Bancorp operates as a financial holding company and a bank holding company. U.S. Bancorp provides a range of financial services, including lending and depository services, cash management, foreign exchange, and trust and investment management services. It also engages in credit card services, merchant and Automated Teller Machine (ATM) processing, mortgage banking, insurance, brokerage and leasing. U.S. Bancorp?s banking subsidiaries are engaged in the general banking business, principally in domestic markets. The subsidiaries provide a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. The Company operates in five segments: Wholesale Banking, Consumer Banking, Wealth Management & Securities Services, Payment Services, and Treasury and Corporate Support. On November 21, 2008, the Company acquired the banking operations of Downey Savings & Loan Association, F.A. and PFF Bank & Trust.

Pete Najarian, the Pit Boss, is ranked one of the top 100 traders by Trader Monthly magazine, is co-founder of optionMONSTER.com, a news and information site for options traders. Following a football career that included several seasons with the NFL's Tampa Bay Buccaneers and Minnesota Vikings, Najarian took up options trading in 1992 joining his brother, Jon ‘DRJ’ Najarian, at Mercury Trading, a market-making firm at the Chicago Board Options Exchange (CBOE). Two years later, he assumed responsibility for Mercury's risk and arbitrage and later led its entry onto the New York Stock Exchange (NYSE). He also led Mercury's joint venture with M.J. Meehan, the third largest specialist firm on the NYSE. From 2000 to 2004, Najarian served as president of Mercury, and helped execute its sale to Citadel, one of the world's largest hedge funds. During this period, Najarian chaired the Exemption Committee of the CBOE for three years and served as a floor official for eight terms. More recently, he has been a founding member of One Chicago, an electronic exchange committed to becoming the global leader in futures on individual stocks, narrow-based indexes, and ETFs. He is the co-founder of Hedgehog stock, options, and futures trading platform and together with brother Jon, co-developed the Heat Seeker™ and complementary programs for tracking unusual buying activity in stocks, options, and futures. Najarian is one of the 'Fast Money Five' on CNBC’s “Fast Money,” and also contributes to CBOE-TV, the exchange's popular webcast. Najarian graduated cum laude from the University of Minnesota with a degree in genetic engineering. The following stocks are owned by Pete Najarian based on the CNBC disclosures.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/7/2008 4:00 PM Sell
None
30.88
as of 12/24/2008
1 Week down  -1.98 %
1 Month down  -26.55 %
3 Months down  -29.57 %
1 YTD up  42.25 %

(*) Stock Price at the time of the recommendation.
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