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U.s. Bancorp (USB) [hlAlert]

up 28.02 %

U.s. Bancorp (USB) rated Overweight with price target $30 by Lehman Brothers

Posted on: Wednesday,  Jul 16, 2008  9:25 AM ET by Lehman Brothers

Lehman Brothers rated Overweight U.s. Bancorp (NYSE: USB) on 07/16/2008. Previously Lehman Brothers rated Buy U.s. Bancorp (NYSE: USB) on 09/21/2007.,
when the stock price was $33.26. Since then, U.s. Bancorp has gained 28.02% as of 01/14/2016's recent price of $42.58.
If you would have followed the previous Lehman Brothers's recommendation on USB, you would have gained 28.02% of your investment in 3037 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.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/16/2008 9:25 AM Buy
23.62 30.00
as of 12/24/2008
1 Week up  1.98 %
1 Month up  26.55 %
3 Months up  29.57 %
1 YTD down  -42.25 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/21/2007 9:25 AM Buy
33.26 39.00

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