Reuters logo
UPDATE 1-U.S. Bancorp's quarterly revenue rises 4.7 pct
2016年10月19日 / 中午11点52分 / 1 年前

UPDATE 1-U.S. Bancorp's quarterly revenue rises 4.7 pct

(Adds details)

Oct 19 (Reuters) - Minneapolis-based U.S. Bancorp reported a 4.7 percent rise in quarterly revenue helped by strength in its mortgage banking unit and higher interest income.

Mortgage banking revenue rose 40.2 percent to $314 million while net interest income rose 4.5 percent to $2.89 billion.

The Federal Reserve, which raised interest rates for the first time in nearly a decade in December last year, has kept rates unchanged since but has indicated a possible hike this December.

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.

Analysts were expecting a profit of 83 cents per share, according to Thomson Reuters I/B/E/S.

Total net revenue rose to $5.39 billion from $5.15 billion.

During the quarter, the bank had set aside $325 million to cover bad loans, up 15.2 percent from a year earlier.

New York-based M&T Bank Corp also reported a better-than-expected third-quarter profit on Wednesday. (Reporting by Nikhil Subba in Bengaluru; Editing by Shounak Dasgupta)

我们的标准:汤森路透“信任原则”
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