USB

pcs33

USB is gonna be bummed when the see these earnings

Bdonn_88

Are you me?! I bought USB calls instead of $20 GME lottos FML LOL

ghostboo77

I invested late last week. Don’t think the deep dive is necessary during moments like this Split it up between 4 of the bigger regional banks with good/conservative reputations (FITB, USB, TFC, and KEY). I didn’t do any kind of deep dive on these banks

sonofalando

UBS makes USB storage devices right?

mingling4502

I feel like good bank stocks are to this time that tech was back then. They've been decimated. I'm looking at USB. 5th largest bank and taken a huge beating.

deviprsd

Earlier in the day: Stocks rise due to USB credit line to CS Later in the day: Stocks slips as market digests the CS news

mycomputerisbroken7

what are the safest banks out there? i hear good things about JPM and USB

psychotronik9988

You mean USB-C?

Bravefan21

Equity WOULD HAVE BEEN zero, BUT FOR the actions of the Swiss government and USB

Dozekar

> It's easier to bring 100k with you on a USB drive or even just in your head, than in cash. While technically true, the real problem becomes recovery and acceptance of your assets at all. In most scenarios with this sort of fleeing to another country or trying to avoid complete financial collapse using bit coin is pretty much equally unrealistic as using fiat. Countries that accept you as economic immigrants tend to take a large percentage and are unlikely to want to play crypto games. Countries that don't are unlikely to have a way for you to turn crypto into fiat so you can use it or accept the crypto as money itself. This isn't a problem with bitcoin though, it's a problem with running from the economic apocalypse fantasies just being a little to fantastic no matter how you think them out. Realistically if you have the assets to do it, hedging with significant assets (actual private owned businesses ideally) in several different countries is probably a better bet. Whatever currency is valid there, just do business in that and keep most proceeds local. You end up able to relocate in a few places with the ability to be economically self sufficient in each of them. If you don't have assets to do that, the fantasy of running off and being some crypto king in another location is pretty far fetched already.

bustermcthunderstikk

I don’t quite understand “whole thing looks fishy” sentiment. Yes it was rushed through to ensure that CS didn’t fully collapse Monday morning and bought at a huge discount because who is going to pay market value when you don’t have to. It’s an acquisition forced upon USB but don’t for a second think that USB won’t leverage this firesale deal to grow their own market cap. Like all acquisitions, execution is crucial.

Henry-Plantagenet

calls on $USB-C

LevitatingTurtles

USB probably… double trouble.

limestreetlab

Am I the only one keep saying *USB* vs *UBS*?

Big_Fat_Polack_62

Don't do this to me, man. I bought calls on USB this morning, the second the market opened.

limestreetlab

# USB is acquiring First Republic Bank

may344

Die USB 

Ezi22

Came here to say this. Most likely route USB —> Swiss National Bank —> US —> then establishes a new world order of a global federal government and implemented a centuries long dream of implementing democracy around the globe.

flatbroke10

USB calls for me

limonesinparadise

I was thinking large banks, e.g. BAC like you did or USB or TD

spellbadgrammargood

buffett has a cost basis on USB of $38/share, USB is currently $35. time to buy!

limonesinparadise

Would it generally be good to invest in bank stocks in the next few days with the expectation they'll go up for the time being? I was looking specifically at USB (not UBS)

Successful-Stomach40

God damn it I keep reading it as USB and being like: oh shit why do we want a Swiss bank

FortunateInsanity

Yeah, it may have been weirder for them not to have been an early casualty during all this. And now USB is going to remove them from the mix altogether. Comparing CS to FTX is accurate in the sense that their solvency was always a facade. Otherwise I’m not sure I fully understand the point of the meme.

antsfinds

CS shareholders get 1 USB for every 22.48 shares of CS

ShapeComfortable4252

Regarding Credit Suiss normally you buy company which will aquaer not being aquaered So we should loook at USB , right ?

Funztimes

I wonder how many people are shorting UBS thinking it's USB and vice versa?

AW-408

Your missing the fact that USB is paying only a fraction of the cost based on the stock close on Credit Suisse on Friday. That goes to show stock market has overvalued this company vs actual worth. That also means other banks in this sector might be in the same dire situation.

drew-gen-x

Switzerland didn't have enough cash to buy Credit Suisse. So USB is buying Credit Suisse instead. Europe is selling their toxic bank stocks before the US investors wake up to realize they are holding the bag.

son9090

* will my options convert to “USB” 

Philipp_CGN

Maybe not USB, but does HDMI work?

Deep_Bit5618

Unfortunately tomorrow could be green with USB CS News. I might buy some April SPY puts before the JPow show next week

av4tos

It is not possible to convert call options to USB, sorry

lamabaronvonawesome

USB is great I like C

Fuzzyfoot12345

If you are fleeing a country or region devestated by war, It's easier to bring 100k with you on a USB drive or even just in your head, than in cash. (Assuming you can even withdraw from the bank in your local war devastated region). If the power goes out globally? We got a lot more to worry about than our money.

animositisomina35

Why is my USB drive buying CS?

lamabaronvonawesome

I suggest we call them USB just to make it stupid.

Extreme_Fee_503

Haha yeah rip USB share price. Currently my worst pick but it's sub 1% of my portfolio so whatever, can't win em all.

thisisnorthe

USB offer is/was for CS was/is $1b CS is pushing back I hope they fail

Hot-Unit808

If USB has one more bright red candle. Buy it. You can get BAC at book value right now. Why pay more than book for USB? One more red candle and it makes sense to buy.

xSAV4GE

Considering picking up a bit of either PNC, USB, SCHW or COF for the long run...maybe best to wait it out a little more? Not feeling names like ALLY or SOFI during this.

Successful-Stomach40

I kept reading USB and was so confused why they'd be interested in credit suisse

CorndogFiddlesticks

I would look at any of the banks who lent to Republic to keep it afloat [https://www.cnbc.com/2023/03/16/group-of-financial-institutions-in-talks-to-deposit-about-20-billion-in-first-republic-sources-say.html](https://www.cnn.com/2023/03/16/investing/first-republic-bank/index.html#:~:text=The%20major%20banks%20include%20JPMorgan,a%20tumultuous%20moment%20for%20lenders) List: * JPMorgan Chase (JPM) * Bank of America (BAC) * Wells Fargo (WF) * Citigroup (C) * Truist (TFC) * Goldman Sachs (GS) * Morgan Stanley (MS) * PNC (PNC) * U S Bankcorp (USB) * State Street (STT) * Bank of New York Mellon (BK) I own GS and USB, and am accumulating them right now. I personally won't ever own WF. Many people here like JPM and that's an easy bet.

Irreversible_Tide

He also sold all of his USB in Q4. Homeboy is licking his lips at a 30% discount re-buy.

Oraterre

USB has a declining tangible book value per share - so, not very healthy I'd say. Bigger isn't always better, check out FFWM with whatever metrics you like to compare with. Smaller bank, for sure - but much healthier, IMO. Well, that's my dog in this race anyway...

GroundForcesWTX

I'm not an authority on $USB's financials but I tend to agree with you that the super-regionals are probably aren't going anywhere anytime soon. These larger regionals aren't overly focused on one particular geographic area or a certain risky sector of the economy.

SealightOcean

https://www.ledger.com/academy/crypto/where-are-my-coins#:~:text=Your%20coins%20are%20associated%20with,even%20your%20Ledger%20hardware%20wallet. Your cold wallet just keeps your keys safe. Your wallet address is still in the ledger. If you spend they still have to come from somewhere on the ledger, your coins aren't coming directly from your USB. Even if you trade paper it would be dumb never to cash it how would you know the person didn't make copies or that the paper is valid. Everything is traceable in bitcoin that is the point. Cannot spend or receive it without leaving a transaction. As long as you never identify yourself it would be anon but if you ever brought Bitcoin online feds would be able to find you

Jupesux

Wow, seems like nobody gives a damn about U.S. Bancorp ($USB) these days. Maybe they should try harder to get people's attention, or maybe they're just not cool enough for the hype train.

CaughtTheCarWhatNow

When USB takes under Credit Suisse for $1/sh I’m going to laugh my ass off

usernames_are_danger

Yes. USB-C made all of our computer accessories require an adapter.

Obvious_Excitement45

Imagine the world going to shit. You have a USB drive full of bitcoin trying to trade it for a sack of potatoes

Ixcarusx

USB definentally good risk reward here

TranscendingTourist

Yes I’d take all your USB devices out of wherever they are and bury them in the back yard. Today.

Imaginary_ToniStark

Whats with USB? Do we need to worry about our usb port?

ABrainCell2024

USB out of regionals, JPM out of big, and TD out of foreign.

LavenderAutist

UBS isn't on the chart But USB is

cr0ne

I would not buy KRE. Many of these small banks are going to permanently lose deposits. Not to be compared with prior banking crisises. If you are looking for a deal, I'd focus only on the super-regionals (ie the USB, PNC, TFC group) as they are down with the rest of KRE but they are getting thrown out with the bath water right now.

mista_r0boto

Larger regional bank M&A spree coming soon. Bankers salivating at what USB, FITB, CFG, TFC, and KEY will do next. Bring on the deal premiums baby!

cr0ne

I had a roughly above market weight SCHW position and exchanged it for USB late today. Small TLH loss (I've owned SCHW for a while). Saw the Schwab CEO cnbc interview and a few red flags.. He boasts they were getting deposits but carefully worded it to include brokerage assets. I still think Schwab blows the water out of any asset but a CEO putting out a misleading statement like that is frankly weird for the finance sector..that should be beneath him. Other concern is retail sentiment is way too positive and chart looks like death. Will have to see how this turns out. Didn't really want to own a traditional bank but USB has a very nice tech organization. A bunch of ex-Schwab folks actually so we'll see..

Ashhaad

SCHW only paid a 1.6% dividend & has a PE of 16. This is terrible compared to USB, JPM, BAC.

xphoney

It’s possible that USB is falling because ETF’s like IAT are selling. Or, someone knows more than us.

lostindasauces

Okay, I’m buying some USB today. Probably some more next week

outofobscure

>USB wait until you see DisplayPort

mingling4502

USB almost at pandemic lows may be something to consider

the_sound_of_a_cork

Fair enough. In terms of competition, there really isn't any other big exchange that is U.S. based, so COIN leads there. Fidelity will likely run the orders through COIN as it doesn't make sense to recreate the wheel, especially for a speculative asset. The Bailouts are QE, just by another name. This will put further upward pressure on crypto. The ease at which you can move and store crypto in a rapidly deteriorating economic environment is a massive plus. You can't do this with cash or metals. You can theoretically hold 500 Billion in crypto on a USB. The exchanges will see a lot of transactions once the market catches on that the Fed is failing on inflation. Inflation will not get even close to the target range this year.

VisibleVirus

Make sure it's at least USB 3.0

lostindasauces

Considering entering USB at this price.....

Cryptic0677

Bought some random bank puts and USB is wildly overperforming for me. Why is it getting hit so hard compared to the sector?

RammusJungleOnly

Please not USB. My parents mortgage is through there…

SPQR0027

The banks. CS, USB, PNC, Key, FRC, etc, etc, etc, etc

lostindasauces

How we feeling about USB. Might just grab 50 shares for the Luls if it drops to that Covid threshold sub 35

gsasquatch

The failing banks are less than $250B in total assets, the level at which they did not have to prove they could survive the conditions we are currently in. USB has $600B in total assets. They operate in a stricter regulatory environment for it, and in theory should be able to cover. On the other hand, Chucky Schwab's trading got halted, and they are $577B. Credit Suisse also seems to be in some trouble. All the other banks that had trading halted were under $250B, as were SVB and Silvergate.

utopista114

>I heard about Crypto in 2010 Me too. I tried to buy back then, when it was like 1 buck. It was a byzantine thing that reeked of virus programs and malware. I said "nah, I'm good". I would probable have lost the USB drive or the hard disk would have died way before I could cash on it. The only winners were the whales and those who lost and found their thing in a closet.

mingling4502

USB buy?

TexanNewYorker

Don’t understand how CEOs or their PR teams don’t have a better virtual interview setup by now. Like high quality USB mics are not that hard to set up

cl0wn_w0rld

I bought TFC and USB and SCHW. We shall see.

Cryptic0677

Oh yeah I should be up today but all my long positions aren’t up nearly as much as USB

Grymninja

USB has a good dividend I'm trying to get a decent position in that right now

Cryptic0677

My hedge position on USB is going to go very poorly for me lmao

BurryProdigy

The difference is, USB or any respectable institution doesn’t face what SVB did.

AMAStudentLoanDebt

USB 40c 5/19 will 10x your money

Quazniac

Would USB be a better choice than JPM then? They've been investing in tech for years and it's done nothing but work in their favor so far.

AMAStudentLoanDebt

USB 40c 5/19 will 10x your money

joeyeats

oh for sure, just made more off USB TFC KRE today

Stock_Tradition_3344

This is a buying opportunity, bought stocks of SCHW,FRC,ALLY, USB,KEY,NYCB, TQQQ and SOXL....all got at deals, esp FRC & SCHW !

VisualMod

>$SCHW is a great buy right now. It's down 17%, but I think it has potential to rebound. $USB is also a good buy. It's down 10%, but I think it will rebound as well. I would stay away from $FRC and $WAL, they are both down too much and may not recover fully.

skafiavk

Didn't think USB was regional.

klyphw

I put in limit orders at COVID lows on USB and SCHW let’s see if they hit

svadrif

What’s going on with USB (down 10%) and Wells Fargo (down 6%)? Both related to SVB and people freaking out?

joeyeats

$KRE $USB $TFC $HBAN PAYING THE FUCK OUT  these were damn .20-.50c Friday!!!

MadRadBat

fuuuck me, banks are having a party and ZION, CMA, RF, KEY didn't want to miss it I guess. Even USB is about to be down 10%

brokenshells

I'd like a company like BNY Mellon, Goldman Sachs, or Northern Trust picking up the pieces of SVB Wealth/Private over a USB/PNC/TFC acquisition. The customer base would flee being forced into a regular retail bank over wealth management specialized banks.

SuspiciousStable9649

USB is at biggest risk because it has “S” and “B” in the name. 🤣🤣😂🤣🤣

mingling4502

USB has been hit really hard lately. I'm thinking of buying some leaps and sell into weekly calendar spreads.

Wooden_Lobster_8247

Held USB through 2009, watched it dip below $6. Should have bought more but the fear was too high. This is a good size bank, granted the circumstances were different in 09 but these are definitely not a safe haven. If it happened again I'd double down (on USB or any other large bank).

trevor3431

The actual lightning connector is better. I have had USB-C devices and the ports break very easily because the cable is the female end and the port is the male end. Lightning is better because it is smaller and the cable is the male end, port is female end.

notpermabanned6

Lightning uses the USB c standard and has been for some time. Apple helped with the development of USB c

Far-Programmer3189

Who do we think I’d going to buy them? WFC still in the dog house, BA and JPM would get political backlash, GS and MS wouldn’t be interested. My bet is TFC or PNC with USB a maybe. Other regionals too weak.

sleepyunindividual

Imagine being forced into gesture navigation, no sideloading, facial recognition unlock and USB 2.0 speeds in 2023. 🤡

Semen_Futures_Trader

You can literally steal one with a USB drive…