CLAIM #61424 · U.S. Bancorp (USB) · 2026Q2 earnings call · Jul 16, 2026 · due Jan 16, 2028
“That's the plan, and we have some confidence that gets us to about 10% of the total revenue.”
Gunjan Kedia · CEO
How to check this claim
Look at: Markets/capital markets or BTIG-related fee revenue as a percentage of total company revenue
It came true if: Reported segment/fee revenue share reaches approximately 10% (9-11%) of total company revenue
Where: Company-disclosed segment revenue breakdown (10-K/10-Q or investor presentation)
In context
“Gunjan Kedia: Thank you for that. Yes, you did ask that. We are not anticipating a small bolt-on needed to get to the 10-ish percent. This is organic growth from just leveraging the relationship and the product capabilities on both sides. What we are seeing, Mike, even in the first month, and we're just getting started here, is the balance sheet that is already being deployed has room to earn some fee revenue just from the relationships we have. BTIG is being invited into the relationships we already have. The organic growth does not really anticipate a massive expansion of headcount. It's just cross-selling and getting a fair share of the fee revenue from the book, from a balance sheet that has been deployed against the commercial side. That's the plan, and we have some confidence that gets us to about 10% of the total revenue.”
Verify independently
SEC filings for USB ↗ · Claim quote is verbatim from the 2026Q2 earnings call.