UPDATE: U.S. Bancorp Posts Higher Q4 Profit
January 22, 2014 at 08:37 AM EST
U.S. Bancorp (NYSE: USB ) reported a 2.5% rise in its fourth-quarter earnings. U.S. Bancorp's quarterly profit surged to $1.46 billion, or $0.76 per share, from a year-ago profit of $1.42 billion, or $0.72 per share. Its revenue declined 4.4% to $4.89 billion. However, analysts were expecting earnings of $0.75