Wednesday, April 19, 2017

U.S. Bancorp Earnings Review: Exceptional, Not Typical

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US Bancorp reported QE March 2017 financial results on April 19


● U.S. Bancorp reported $0.82 earnings per share, beating analysts’ estimates by $0.02 with an excellent 7.9% EPS increase year over year.

● Earnings performance continues at exceptional levels as outgoing CEO Richard Davis has posted quarter after quarter of maximizing shareholder wealth.

● Andrew Cecere begins his tenure as CEO with this new quarter ending June 2017.

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About US Bancorp

Minneapolis-based U.S. Bancorp (NYSE: USB), with $446 billion in assets as of December 31, 2016, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,106 banking offices in 25 states and 4,842 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions.

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