Strong fee revenue and superior operating efficiency make U.S. Bancorp a top U.S. bank.
Wide-moat-rated U.S. Bancorp is nothing if not consistent, turning in nearly identical numbers compared with last quarter. The third quarter of 2017 was another solid performance, as the return on average assets improved 3 basis points to 1.38%, and the return on average equity increased 2 basis points to 13.6%. U.S. Bancorp’s returns compare well with the averages in the industry, and this quarter was no exception. After updating our model with the latest results, we are maintaining our fair va...U.S. Bancorp is a multi-state financial services holding company. Through its subsidiaries, the company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. The company also engages in credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing. The company's subsidiary, U.S. Bank National Association, is engaged in the general banking business, principally in domestic markets. The company's bank and trust subsidiaries provide a range of asset management and fiduciary services for individuals, estates, foundations, business corporations and charitable organizations.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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