U.S. Bancorp (NYSE:USBpH.PFD)
$ 22.88 -0.2 (-0.87%) Market Cap: - Enterprise Value: 44.63 Bil PE Ratio: 16.14 PB Ratio: 1.58 GF Score: 72/100

U.S. Bancorp at Barclays Americas Select Franchise Conference Transcript

May 14, 2019 / 12:30PM GMT
Release Date Price: $19.41 (+0.31%)
Andrew Cecere
U.S. Bancorp - Chairman, President & CEO

Thanks, Jason, and good afternoon, everyone. Thanks for joining us this afternoon. Terry and I will be going over some highlights of the company and some specific initiatives, and then we'll be happy to take your questions. We may be referring to some forward-looking statements, so if you could look at the risks and uncertainties, I'd appreciate it.

I know many of you know the company, but let me just start with an overview at a high level. So we are the fifth largest bank in the United States with just over $476 billion in assets, market cap over $80 billion. And if you think about where we compete, where you'll see our brand, our banks, we look across 3 dynamics. First of all, in the red on the left is where you'll see our retail branches as well as ATMs. In the red, you see 25 states. So we're in half of the United States. And you'll also notice that little green spot in Charlotte, North Carolina. Terry will talk more about it, but this is our newest state that we're entering, our newest market. We're going to be doing that midsummer

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