MINNEAPOLIS, Sep 16, 2005 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB) was ranked as the second most
respected banking company in the United States and the 50th most
respected company in world, according to a recent survey of
institutional investors published in the September 12 edition of
The survey ranked the world's 100 largest companies by market
capitalization. Six U.S. banking corporations made the list, with only
Wells Fargo and U.S. Bancorp cracking the top 50 ranking. Other U.S.
banks to make the list included Wachovia, Bank of America, Citigroup
and JPMorgan Chase.
The publication noted that respondents to the survey
overwhelmingly cited strong management and business strategy as the
two most important criteria for ranking corporations on the list.
Other criteria included competitive edge, consistent sales and profit
growth, ethical business practices and product innovation.
The Barron's article entitled "Real Asset," written by Michael
Santoli, said, "It doesn't show up on balance sheets or earnings
statements, but the respect paid to corporations--or the lack
thereof--can translate into returns for their investors." He went on
to write, "For large companies, respect must be earned over decades,
but it can be lost in an instant."
The ranking by Barron's comes on the heels of U.S. Bancorp being
ranked as the second best company in the world when it comes to return
on revenue, according to the July 25 edition of Fortune magazine.
U.S. Bancorp, with $204 billion in assets, is the 6th largest
financial holding company in the United States. The company operates
2,383 banking offices and 4,877 ATMs in 24 states, 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 in which the company pays customers if certain key banking
benefits and services are not met. U.S. Bancorp is the parent company
of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.
SOURCE: U.S. Bancorp