US Bancorp Stock Surges as Profit Tops Expectations

Key Takeaways U.S. Bancorp's net interest income (NII) increased from the previous quarter and exceeded analysts' expectations. The higher NII helped lift the bank's third-quarter profit above estimates. U.S. Bancorp also increased the money it set aside to cover credit losses by 8.2%. U.S. Bancorp (USB) shares jumped Wednesday as its profit got a boost from higher-than-anticipated net interest income. The bank reported third-quarter earnings per share (EPS) of $1.03, $0.04 more than estimates of analysts s ...