One day after Wells Fargo & Co. chose another partner, U.S. Bancorp launched an aggressive stock buyback program to boost its share price and put it in a better position to make other deals.

"We have good acquisition skills and would want to continue to be a part of the consolidation of the industry," said John R. Danielson, senior vice president with the Minneapolis banking company.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.