“U.S. Bancorp (USB), the nation’s fifth- largest lender by deposits, reported a 28 percent increase in first-quarter profit that beat analysts’ estimates as revenue rose and credit losses fell.
Net income rose to $1.34 billion, or 67 cents a share, from $1.05 billion, or 52 cents, a year earlier, the Minneapolis- based bank said today in a statement. Earnings beat the 64-centaverage estimate of 31 analysts surveyed by Bloomberg….”
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