MINNEAPOLIS, Jun 25, 2003 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB) has been
named to the Lehman Brothers Inc. "10 Uncommon Values" portfolio. The 10
Uncommon Values list features ten stocks which Lehman Brothers Inc. believes
will outperform the U.S. stock market in the next 12 months.
In the Lehman Brothers' 2003-2004 portfolio announcement the following remarks
were made regarding U.S. Bancorp, "...despite posting top-quartile profitability
and efficiency metrics, (U.S. Bancorp) is trading at a discount to its peers. As
revenue growth shifts from acquisition-driven over the past several years to
organic-driven, and as operating leverage continues to improve, we expect the
stock to regain its premium valuation."
Others being named to the Uncommon Values list include: Amgen; Burlington
Resources; Cisco Systems; Exelon Corp.; Harrah's Entertainment; Hewlett-Packard;
JetBlue Airways; Nextel Communications; and Teva Pharmaceuticals.
According to the Lehman Brothers' announcement, each of the firm's 82 senior
analysts recommends his or her best idea for a stock that will outperform the
market. Lehman Brothers' Investment Policy Committee then screens these
recommendations by using a combination of fundamental, sector and technical
evaluations to select the best 10 common stocks.
U.S. Bancorp, with assets in excess of $182 billion, is the 8th largest
financial services holding company in the United States. The company operates
2,200 banking offices and 4,582 ATMs, and provides a comprehensive line of
banking, brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. U.S. Bancorp is home of the
Five Star Service Guarantee which assures customers of certain key banking
benefits and services or customers will be paid for their inconvenience. U.S.
Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at
SOURCE: U.S. Bancorp
CONTACT: U.S. Bancorp
Steve Dale (Media), 612/303-0784
H. D. McCullough (Analysts), 612/303-0786
Judy Murphy (Analysts), 612/303-0783
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SOURCE: U.S. Bancorp