Reported about 1 month ago
U.S. Bancorp reported net interest income of $4.14 billion in the third quarter, surpassing analysts' expectations of $4.04 billion. The increase was driven by the bank's portfolio of fixed-rate assets, benefiting from higher borrowing costs. This performance aligns with trends seen across the banking sector following recent Federal Reserve policy changes. Despite missing loan estimates, U.S. Bancorp's shares have experienced notable growth this year.
Source: YAHOO