U.S. Bancorp
USB: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| %? | LOCK|VX? | LOCK|>lfY^dT |
U.S. Bancorp Earnings: Balance Sheet Repositioning Should Support Net Interest Income Going Forward
U.S. Bancorp reported OK second-quarter results as expense control helped grow net income by 13% annually to $1.7 billion, with earnings per share increasing 14% to $1.11. The results translated into a strong return on tangible common equity ratio of 18%.
