8. DECENT WORK AND ECONOMIC GROWTH

U.S. Bancorp’s Profit Falls Under Strain of Interest-Rate Cuts – Wall Street Journal

U.S. Bancorp’s Profit Falls Under Strain of Interest-Rate Cuts  Wall Street Journal

U.S. Bancorp’s fourth-quarter profit fell 20% and hit its lowest level in more than two years, showing strain from three interest rate cuts last year.

The largest regional bank by assets reported net income of $1.49 billion on Wednesday, or 90 cents a share. That was down from $1.86 billion, or $1.10 per share, a year ago. Analysts polled by FactSet had expected $1.08 per share.

Revenue…

Source: wsj.com

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