Buying Spree Key to US Bancorp Earnings Strength


Expect US Bancorp (USB) to come in right at or slightly below Wall Street estimates of 29 cent per share. The sixth largest U.S. commercial bank is reaping the benefits of acquisitions made possible by the failure of 140 U.S. banks during the recent banking crisis. The bank was able to take advantage of the favorable terms the Federal Deposit Insurance Corp. offered to have failed bank assets taken off its hands.