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24/7 Wall St.: The 7 Safest Banks in America

3. U.S. Bancorp

U.S. Bancorp (NYSE: USB) is often overlooked as a money-center bank because it is a super-regional located in Minneapolis. It is the fifth largest commercial bank in the United States and caters to millions of consumers. U.S. Bancorp has $341 billion in assets, more than 3,000 branch locations, more than 5,000 ATMs, and its operations spread out over 25 states in America. Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) owns some 69 million shares worth more than $2.1 billion. The bank’s market cap is $59 billion. It is worth about 10 times earnings and 1.6 times book value. The return on equity is very high at 16%, and it offers a 2.5% dividend yield to the common holders. Shares are trading around $31.50, and Wall Street analysts have a target of about $34.25 on this great safe bank.

(AP Photo/Nati Harnik, File)

More From 24/7 Wall St.:
10 Brands That Will Disappear in 2013
Banks Hiding the Least and Most Fees
America’s Most and Least Peaceful States



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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