| | U.S. Bancorp is followed by the analysts listed below. Please note that any opinions, estimates or forecasts regarding U.S. Bancorp's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of U.S. Bancorp or its management. U.S. Bancorp does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.  |
| Firm | Analyst | | Argus Research Group | D. Ritter | | Atlantic Equities | R. Staite | | Bank of America Merrill Lynch | E. Penala | | Barclays Capital | J. Goldberg | | BMO Capital Markets | P. Winter | | Citigroup | K. Horowitz | | Compass Point | K. Barker | | Credit Agricole Securities | M. Mayo | | Credit Suisse | M. Orenbuch | | Deutsche Bank | M. O'Connor | | Drexel Hamilton | D. Hilder | | Evercore Partners | A. Marquardt | | FBR | P. Miller | | Goldman Sachs & Co. | R. Ramsden | | Guggenheim Securities | M. Mosby | | Hilliard Lyons | R. Demmerle | | ISI Group | E. Najarian | | Jefferies & Co. | K. Usdin | | JP Morgan | V. Juneja | | Keffe, Bruyette & Woods | C. Mutascio | | Meredith Whitney Advisory | M. Whitney | | Morgan Stanley | B. Graseck | | Morningstar, Inc | D. Werner | | Nomura Securities | K. Murray | | Oppenheimer | C. Kotowski | | Rafferty Capital Markets | R. Bove | | Raymond James | D. Long | | RBC Capital Markets | J. Arfstrom | | Robert W. Baird & Co. Inc | D. George | | Sandler O'Neill & Partners | R.S. Siefers | | Sanford Bernstein & Co. | J. McDonald | | Scotiabank | K. Choquette | | Sterne, Agee & Leach | T. Hagerman | | Suntrust, Robinson, Humphrey | E. Wasserstrom | | Susquehanna Financial Group | J. Micenko | | UBS Securities | G. Ketron | | Wells Fargo Securities | M. Burnell |
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