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 S&P Global North America Financial Institutions Conference (Virtual) Transcript

Nov 19, 2020 / 04:30PM GMT
Release Date Price: $23.81 (+0.25%)
Benjamin T. Bubeck
S&P Global Ratings Inc - Credit Analyst

Great. Thanks, Colin, and hello, everyone. My name is Ben Bubeck, and I head up the U.S. and Canada Financial Services, Sovereign and International Public Finance Ratings Department at S&P Global. Our final panel will be a fireside chat, and I'm pleased to introduce Andy Cecere, Chairman, President and CEO of U.S. Bancorp.

Andy, thanks very much for joining us today.

Andrew Cecere
U.S. Bancorp - Chairman, President & CEO

Thank you, Ben. It's my pleasure.

Questions & Answers

Benjamin T. Bubeck;Andrew Cecere
S&P Global Ratings Inc - Credit Analyst;U

So let's start with COVID as it's undeniably had the largest impact on the economy and will certainly have lingering effects well into 2021.

Perhaps, first, at a high level, Andy, what has surprised you most about the impact of COVID on your business? And can you describe the economic outlook that you have in mind as you plan for 2021?

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