U.S. Bancorp (USB) has taken the third position in the list with an increase in viewership of 19%.
U.S. Bancorp stock has seen its stock decline around 44% since peak, as the market worries the banking contagion could spread. Like failed SVB, U.S. Bancorp sits on around $11 billion of unrealized bond losses. If realized, this would erase about one third of the company’s tangible common equity, currently worth about $30 billion.
However, U.S. Bancorp is much better positioned than SVB on the deposit side. Its deposits are from a wider customer base, including corporates and consumers, with about half of them being insured.
With the drop in the stock price, U.S. Bancorp’s dividend now stands at about 5.5%.
Source: dividend.com
