top of page

The Institutional Risk Analyst

© 2003-2024 | Whalen Global Advisors LLC  All Rights Reserved in All Media |  ISSN 2692-1812 

  • Ford Men on Amazon
  • Twitter
  • LinkedIn
  • Pinterest

Update: U.S. Bancorp & Goldman Sachs

Updated: Jul 21, 2023

July 20, 2023 | Premium Service | U.S. Bancorp (USB) had a decent quarter in Q2 2023, but one that is still obscured by the accounting for the Union Bank purchase from Mitsubishi UFJ Financial Group, Inc. (MUFG). The Q2 numbers in terms of returns were down from Q1, but the analyst community took comfort from the fact that the capital levels rose.

In terms of USB, we need to see the efficiency for the combined entity down in the mid-50s before we are ready to declare success. That said, Buy Side manager are already buying USB on the assumption that management will ultimate return to trend earnings. The table below shows key performance indicators for USB from the Q2 2023 earnings presentation.

Want to read more?

Subscribe to to keep reading this exclusive post.


Recent Posts

See All


Yorumlar Yüklenemedi
Teknik bir sorun oluştu. Yeniden bağlanmayı veya sayfayı yenilemeyi deneyin.
bottom of page