U.S. Bancorp Beats the Street as Loan Losses Subside (USB)
Posted on April 19, 2011 at 08:59 AM EDT
Regional banker U.S. Bancorp (USB) on Tuesday posted better-than-expected first quarter earnings as the bank set aside fewer dollars to protect against loan losses. The Minneapolis-based company reported first quarter net income of $1 billion, or 54 cents per share, compared with $648 million, on 34 cents per share, in the year-ago period. On average, [...]