U.S. Bancorp (USB) PT Raised to $58 at Wedbush

U.S. Bancorp Reports Third Quarter 2018 Results

October 17, 2018 6:45 AM EDT

Record net revenue of $5,699 million, record net income of $1,815 million and record diluted earnings per share of $1.06 Industry leading return on average assets of 1.58% and return on average common equity of 15.5%

MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB):

3Q18 Key Financial Data

PROFITABILITY METRICS 3Q18 2Q18 3Q17 Return on average assets (%) 1.58 1.54 1.38 Return on average common equity (%) 15.5 15.3 13.6 Return on tangible common equity (%) (a) 19.9 19.8 17.3 Net interest margin (%) 3.15 3.13 3.14 Efficiency ratio (%) (a) 53.5... More