Nomura Securities Raises Price Target on U.S. Bancorp (USB) Following 2Q Report
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U.S. Bancorp Reports Record Revenue and Net Income for the Second Quarter of 2016
July 15, 2016 6:45 AM EDTRecord Earnings Per Diluted Common Share of $0.83
Return on average assets of 1.43 percent and average common equity of 13.8 percent
Returned 77 percent of second quarter earnings to shareholders
MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB) today reported net income of $1,522 million for the second quarter of 2016, or $0.83 per diluted common share, compared with $1,483 million, or $0.80 per diluted common share, in the second quarter of 2015. The second quarter of 2016 included notable items related to equity investments, legal and regulatory matters and charitable contributions that, combined, increased diluted earnings per... More
