U.S. Bancorp (USB) Q2 2010 Earnings Call Transcript July 21, 2010 8:30 am ET Executives Judith Murphy – IR Richard Davis – Chairman, President and CEO Andy Cecere – Vice Chairman and CFO Bill Parker – EVP and Chief Credit Officer Analysts Ed Najarian – ISI Group Jon Arfstrom – RBC Capital Markets Ken Usdin – Bank of America John McDonald – Sanford Bernstein Nancy Bush – NAB Research LLC Betsy Graseck – Morgan Stanley Chris Kotowski – Oppenheimer Paul Miller – FBR Capital Markets Matthew O’Connor – Deutsche Bank Heather Wolf – UBS David George – Baird Mike Mayo – CLSA Matt Burnell – Wells Fargo Securities David Konrad – KBW PresentationOperator
Welcome to U.S. Bancorp’s second quarter 2010 earnings conference call. Following a review of the results by Richard Davis, Chairman, President and Chief Executive Officer; and Andy Cecere U.S. Bancorp’s Vice Chairman and Chief Financial Officer, there will be a formal question-and-answer session. This call will be recorded and available for replay beginning today at approximately noon Eastern Time through Wednesday July 28 at 12 O’ clock midnight Eastern Time. I’ll now turn the conference call over to Judy Murphy, Director of Investor Relations for U.S. Bancorp. Judith Murphy Thank you, Laurie, and good morning to everyone who has joined our call today. Richard Davis, Andy Cecere, and Bill Parker are with me today to review U.S. Bancorp’s second quarter 2010 results and to answer your questions. Richard and Andy will be referencing a slide presentation during their prepared remarks. A copy of the slide presentation as well as our earnings release and supplemental analyst schedules are available on our Web site at usbank.com.