U.S. Bancorp Says Card Delinquencies Improve, Eyes ‘Money Movement' Growth

Highlights U.S. Bancorp demonstrated strong credit quality with improved consumer card delinquencies year over year, even amidst macroeconomic uncertainty. Management said it is strategically focused on its payments businesses and “money movement” capabilities as areas for future growth. U.S. Bancorp has presence with the affluent customer segment and is seeing steady consumer spending patterns. U.S. Bancorp’s first-quarter earnings results showed strong credit quality, as consumer card delinque ...