U.S. Bancorp (USB)

U.S. Bancorp (USB)


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U.S. Bancorp (USB) Profile

U.S Bancorp Inc. is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. With nearly 70,000 employees and USD 559B in assets as of June 30, 2021, U.S Bancorp is the publicly traded parent company of the U.S. Bank National Association. It is the fifth-largest banking institution in the United States. The company serves millions of customers locally, nationally, and internationally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. It has 3,106 branches and 4,842 automated teller machines, primarily in the Western and Midwestern United States. It is ranked 117th on the Fortune 500, and it is considered a systemically important bank by the Financial Stability Board. The company also owns Elavon, a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products to U.S. Bank and other financial institutions. The company has been recognized for its digital innovation, social responsibility, and customer service approach, including being named one of the 2021 World’s Most Ethical Companies and Fortune’s most admired superregional bank.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
16:30-23:00
Mon
16:30-23:00
Tue
16:30-23:00
Wed
16:30-23:00
Thu
16:30-23:00
Sun
Closed
Sat
Closed

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Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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