Oct 19 Minneapolis, Minnesota-based U.S. Bancorp reported a 4.7 percent rise in quarterly revenue helped by higher mortgage banking revenue and interest income.
Net income attributable to the bank rose to $1.50 billion, or 84 cents per share, in the third quarter ended Sept. 30, from $1.49 billion, or 81 cents per share, a year earlier.
Mortgage banking revenue rose 40.2 percent to $314 million while net interest income rose to $2.89 billion from $2.77 billion last year.
Total net revenue rose to $5.39 billion from $5.15 billion in the year ago period. (Reporting by Nikhil Subba in Bengaluru; Editing by Shounak Dasgupta)
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