Compass Point Cuts Price Target on U.S. Bancorp (USB) Following In-Line 1Q EPS
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U.S. Bancorp Reports First Quarter 2016 Earnings
April 20, 2016 6:55 AM EDTEarnings Per Diluted Common Share of $0.76
Return on average assets of 1.32 percent and average common equity of 13.0 percent
MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB) today reported net income of $1,386 million for the first quarter of 2016, or $0.76 per diluted common share, compared with $1,431 million, or $0.76 per diluted common share, in the first quarter of 2015.
Highlights for the first quarter of 2016 included:
Industry-leading return on average assets of 1.32 percent, return on average common equity of 13.0 percent and efficiency ratio of 54.6 percent... More