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<a href="http://www.accessmylibrary.com/coms2/summary_0286-35175288_ITM" title="Facts and information about U.S. Bancorp KeepsCredit Costs in Check.">U.S. Bancorp KeepsCredit Costs in Check.</a>
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U.S. Bancorp KeepsCredit Costs in Check.
Minneapolis-U.S. Bancorp saw net income slide 18% in the second quarter from the year-earlier period, but analysts and investors praised the firm for navigating through a difficult credit environment. The company earned $950 million in the second quarter, down from $1.16 billion a year earlier.
Credit costs continued to climb. Net charge-offs of $296 million for the quarter were 0.98% of average loans, while total nonperforming assets at the end of ...
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