10. U.S. Bancorp
Shares of U.S. Bancorp (USB) of Minneapolis closed at $34.16 Friday, returning 29% year-to-date, following a 2% return during 2011.
The shares trade for 3.1 times their June 30 tangible book value, according to Thomson Reuters Bank Insight, and for 11.2 times the consensus 2013 earnings estimate of $3.04 a share, among analysts polled by Thomson Reuters. The consensus 2012 EPS estimate is $2.84.
Based on a quarterly payout of 19.5 cents, the shares have a dividend yield of 2.28%.
U.S. Bancorp trades for the highest multiple to tangible book value among the 24 components of the KBW Bank Index, and this is explained in part by the company's earnings success. According to Thomson Reuters Bank Insight, the company's operating return on average assets (ROA) for the 12 months ended June 30 was 1.59%, while its operating return on equity (ROA) was 14.79%.
The consensus among analysts is for USB to report a third-quarter profit of 73 cents a share, increasing from 71 cents during the second quarter, and 64 cents, during the third quarter of 2011. Oppenheimer analyst Chris Kotowski has a neutral rating on U.S. Bancorp, and said on Thursday that "USB is a steady business with stable, high quality predictable earnings, and usually the line items all fall within more or less predictable ranges," and noted that "this company hasn't reported a downtick in earnings since 2Q09."
USB data by YChartsInterested in more on U.S. Bancorp? See TheStreet Ratings' report card for this stock.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
