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

Rating:
Hold USB
up 67.83 %

U.s. Bancorp (USB) upgraded to Hold with price target $21 by Citigroup

Posted on: Friday,  May 29, 2009  8:25 AM ET by Citigroup

Citigroup rated Hold U.s. Bancorp (NYSE: USB) on 05/29/2009. Previously Citigroup rated Sell U.s. Bancorp (NYSE: USB) on 12/17/2007., when
the stock price was $31.72. Since then, U.s. Bancorp has lost 40.42% as of 05/29/2009's recent price of $18.90.
If you would have followed the previous Citigroup's recommendation on USB, you would have gained 67.83% of your investment in 529 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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/29/2009 8:25 AM Hold
None
18.90 21.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  24.43 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/17/2007 8:25 AM Sell
None
31.72

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