U.S. Bancorp posts higher 4th-qtr profit

Wed Jan 16, 2013 6:59am EST

Jan 16 (Reuters) - U.S. Bancorp, the fifth-largest U.S. commercial bank by assets, reported a slightly higher quarterly profit on higher commercial and real-estate lending.

The bank said net income for common shareholders rose to $1.35 billion, or 72 cents per share, for the fourth quarter from $1.31 billion, or 69 cents per share, a year earlier.

Shares of the Minneapolis-based bank closed at $33.28 on Tuesday on the New York Stock Exchange.

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