There are few banks that conservative investors should contemplate putting their money into these days. The inherent uncertainty in most bank stocks will probably make you squirm, as it should.
One that might be worth taking a look at is US Bancorp
|
Metric |
Trailing 12 months |
|---|---|
|
Total revenue |
$14.07 billion |
|
Total net income |
$4.08 billion |
|
Net income per share |
$2.30 |
|
Dividends paid per share |
$1.68 |
|
Current share price* |
$30.30 |
*As of Aug. 25, 2008.
Shares are down just 8% in the past year, making rivals like Bank of America
One thing you should love about US Bancorp is its top-notch management. Having the audacity to not do anything stupid over the past several years has been a tough task for bank managers, but US Bancorp managed to pull it off -- wonder of wonders. As CEO Richard Davis said last year, "Despite the very challenging economic environment, our company's earnings remained solid, reflecting our core financial strength and emphasis on creating a business model that provides consistent and sustainable results." While so many other banks focused on the here and now, U.S. Bancorp's insistence on focusing on sustainability should pay off handsomely.
|
Metric |
Most recent quarter |
|---|---|
|
Return on assets |
1.58% |
|
Return on equity |
17.9% |
|
Net interest margin |
3.61% |
|
Percentage of assets not performing |
0.46% |
|
Tier 1 capital ratio |
8.5% |
|
Book value per share |
$11.67 |
What do you think about U.S. Bancorp? Our Motley Fool CAPS community, which includes 115,000 members, gives it a three-star rating -- not too shabby for a bank stock these days. We'd love to get your take, too. Click here to come on over to CAPS and tell us what you think. It won't cost you a dime.
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