U.S. Bancorp to buy BTIG in up to $1 bln deal, shares fall

US Bancorp

13/01/2026 14:12

** Shares of U.S. Bancorp USB.N down 1.3% at $53.70 premarket

** Lender agrees to acquire BTIG in a cash-and-stock deal worth up to $1 bln

** USB says deal to strengthen its capital markets presence

** BTIG specializes in investment banking, trading, research and prime brokerage

** Acquisition to expand USB's capabilities in institutional sales and trading, adding scale to advisory and brokerage services - USB

** Deal expected to close in Q2 2026

** USB stock up 14.8% over the past year

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))