Thread regarding U.S. Bank layoffs

USB will close under $33.00 a share today, Moody's kind of showed Holdco was more right than wrong and the stock price will pay for that oversight somewhere along the way. This capital requirement seems to be Union Bank acquisition driven and I'm struggling to see anything that USB did extremely well in the acquisition process of Union Bank, particularly given the significant cost, time and delay on this transaction, allowing customers, talent and assets to leave Union Bank, the regulatory action on the date the original agreement was announced and that overall lack of substantial lift in the recently reported quarter and apparently the lack of understanding that the acquisition would require a commesurate retention of capital given what was acquired in the Union Bank deal.

In my opinion, leadership needs to focus solely on bank precision, accuracy, execution and the basic making money (not pinching pennies or sending jobs overseas) playbook, parking all the non moneymaking social issues, the back to the office debate and these sloppy initiatives that do not generate revenue and holistic shareholder value.

Here's the thing - this isnt a fear-mongering, stock severing article. Since Cecere the stock has been on a downward trend... nearly half what it was. They are spending more money than they are replacing with growth and deposits. A bank of this size should have more capitol incase economic conditions change. Its really that simple. US Bank offering bitcoin custody services isnt helping their case. Its delicate territory because even large banks can fail, and have failed in the past. Is this a cause for alarm? Probably not. But we only really know if we do a "run on the bank".

Gaining traction and attention, American Banker, republished this report this week too.
https://www.americanbanker.com/news/u-s-bank-fires-back-after-its-capital-levels-face-scrutiny

USB is sound and a growing! Stop the negativity and stop leaving in a Pity City. Understood!

While there may be a kernel of truth here, these companies jobs is to freak out investors and drive prices down. Consider the source on this kind of stuff.

In my opinion, U.S. Bank has plenty of problems right now, primarily a dearth of banking and payments leadership, but Holdco's purpose in their release seems aimed at trying to do whatever it can to push the stock price lower to cover those short sells, the article makes significant errors in identifying U.S. Bancorp as a bank under supervision by the federal reserve, which it is not, U.S. Bancorp is the publicly traded holding company which owns U.S. Bank National Association, which is a bank, but is not publicly traded, but if you are trying to push the price of USB lower, why bother with basic distinctions in the corporate and banking entities involved, sling it all out there and try to get shareholders to drop their shares before Wednesday mornings earnings release, which is expected to show an abundance of new deposits at U.S. Bank, N.A., as customers of smaller banks look to park their funds in the too big to fail institutions. U.S. Banks earnings are expected to be in line with the analysts projections which would cause the value of USB to go up, not down as Holdco explains for their short sells to be profitable. Yes, U.S. Bank has lots of problems, but U.S. Bancorp is a typical holding company, it doesn't lend mo ey, it doesn't hold deposits, it's unregulated by the fed or the OCC, not some shameful banking entity.

Well, that’s impressive. I think the pieces to this crazy puzzle we call USB are starting to fit together!