U.S. Bancorp (NYSE:USBpA.PFD)

$ 877.06 12.93 (1.5%) Market Cap: - Enterprise Value: 44.63 Bil PE Ratio: 15.16 PB Ratio: 1.49 GF Score: 72/100

US Bancorp at Deutsche Bank Global Financial Services Conference Transcript

May 31, 2022 / 07:15PM GMT

Release Date Price: $773.13 (-1.26%)

Transcript

Matthew Derek O;Connor

Deutsche Bank AG, Research Division - MD in Equity Research

' -

Okay. We're ready to get started. Next up is U.S. Bancorp. And with us today is Gunjan Kedia, Head of Wealth Management and Investment Services. This is a fireside chat format. So Gunjan, welcome.

Questions & Answers

Matthew Derek O;Connor

Deutsche Bank AG, Research Division - MD in Equity Research

' -

And I just thought from a high-level leading question, your businesses don't get as much attention as, say, payments, or right now, everyone is so focused on interest rates and loans. But they are 15% of USB's revenues, and they are a big driver of the high ROEs that USB enjoys. So I did want to just start off, how do your businesses fit into USB overall? Some like wealth management are a little more obvious maybe than others, but maybe we can start with that.

Gunjan Kedia

U.S. Bancorp - Vice Chairman of Wealth Management & Investment Services

Wonderful. It's very nice to be here, Matt.

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