Guru Ownerhship and Insider Trading Activities For U.S.Bancorp.

(GuruFocus, October 21, 2009) U.S. Bancorp (USB) today reported net income of $603 million for the third quarter of 2009, or $.30 per diluted common share. Earnings for the third quarter were driven by record total net revenue of $4.3 billion, the result of strong year-over-year growth in both net interest income and fee revenue. 

Investment Guru Warren Buffett ‘s Berkshire Hathaway is the large shareholder of the banking company. In the past, Buffett was very bullish on this stock together with Wells Fargo. 

Reflecting on today’s quarterly result announcement, Dick Bove think USB is one of the banking companies standing out: