Andy Cecere – President and Chief Executive Officer Us economy continues to improve “The U.S. economy continues to improve. Interest rates are finally in an upward trajectory and consumer sentiment reflects optimism for potential actions by the new administration. So, … Continued
U.S. Bancorp’s (USB) CEO Richard Davis on Q4 2016 Results Richard Davis transitioning “You know, I hit my 10 year anniversary as the CEO of the bank last month and many years before that I conferred with the board and … Continued
U.S. Bancorp’s (USB) CEO Richard Davis on Q3 2016 Results We can grow revs even in a low rate environment “Our industry continues to face challenges from the low interest rate environment. However, we remain confident that we can continue … Continued
U.S. Bancorp (USB) Richard Davis on Q2 2016 Results lower long term interest rates will have an impact on 2H results “The lower long-term rates will have an impact on our second half results, if the rates remain at these … Continued
US Bank (USB) CEO Rich Davis said although energy loans remain a small portion of the company’s overall loan portfolio, the trajectory of the poorly preforming loans hurt performance“While our energy portfolio is a relatively small portion of our company’s … Continued
Richard K. Davis – Chairman, President & Chief Executive Officer Compliance costs have nearly tripled in last five years “I will say, our compliance costs and FTE have really nearly tripled in the last five years. We did that review … Continued
U.S. Bancorp’s (USB) CEO Richard Davis on Q4 2015 Results We’re not seeing what’s going on in the rest of the world affecting our customers “we do primarily business in the domestic United States and we’re very much a consumer … Continued
Universal Health Services (UHS) Presents at Bank of America Merrill Lynch 2015 Leveraged Finance Brokers Conference Steve Filton Behavioral health business is more recession resistant “if you’re seeking — and you’re seeking acute care treatment, you need a hip implant … Continued
Richard Davis – Chairman, President and Chief Executive Officer Our customers don’t have any direct impact from the recent geopolitical tragedies “the recent tragedies, and geopolitical issues have not and I think you can even see in the stock market … Continued
Returned student loan portfolio to held for investment “During the quarter, we returned our student loan portfolio from held-for-sale to held-for-investment. Subsequent to recognizing a market adjustment on the portfolio, related to disruption in student loan market.” Loan growth is … Continued