January 16, 2013 / 12:00 PM / 5 years ago

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

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.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below