U.S. Bancorp

USB: XNYS (USA)
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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%.

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