U.S. Bancorp (USB) Completes Acquisition of  BTIG, LLC

U.S. Bancorp (NYSE:USB) is one of the Best Blue Chip Stocks Under $100 to Buy Now. On June 1, the company announced that it had completed its acquisition of  BTIG, LLC. BTIG will add significantly complementary capabilities to U.S. Bancorp (NYSE:USB)’s capital markets platform, strengthening its capability to cater to corporate and institutional clients. Together, the companies remain well-positioned to cater to a broader range of client needs and build on the robust capital markets momentum.

U.S. Bancorp (USB) Completes Acquisition of  BTIG, LLC

The acquisition combines deep market expertise with the strength of U.S. Bancorp (NYSE:USB)’s broader franchise to result in more opportunities for companies. To provide a brief background, BTIG is engaged in investment banking, institutional sales and trading, research, and prime brokerage. It ranks in the top 10 US brokers for the high-touch equity volume. BTIG will operate as a separate broker-dealer within U.S. Bancorp.

For BTIG, the acquisition enables the company to strengthen client relationships while, at the same time, delivering the high-touch service the clients need.

U.S. Bancorp (NYSE:USB) is engaged in providing financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions.

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