U.S. Bancorp - the Large U.S. Bank Benefits From Strong Lending Business and High fee Revenue!

Business drivers: U.S. Bancorp (USB) is one of the five largest publicly traded large banks in the U.S. The company, based in Minneapolis, offers comprehensive financial services for private clients, businesses, and institutions, including account management, lending, payment processing, asset management, and investment banking. In the first quarter, U.S. Bancorp exceeded consensus expectations of $0.98 with an EPS of $1.03, thanks to strong performance in the retail and corporate banking segments. On July 7, Raymond James reported a price...