U.S. Bancorp
USB: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| PQ | LOCK|Wtn | LOCK|$K#?>dg |
U.S. Bancorp Earnings: Strong Net Interest Margin Expansion and Fee Income Growth
U.S. Bancorp reported strong third-quarter results as solid revenue growth and expense control helped grow net income by 17% annually to $2.0 billion, with earnings per share increasing 18% to $1.22. The results translated into a strong return on tangible common equity ratio of 18.6%.
