U.S. Bank begins year with strong results

U.S. Bancorp reported net income of 1.69 billion on $5.57 billion of revenue during its first quarter of 2019. Diluted earnings per common share were $1.00 

The Minneapolis-based bank holding company had a return on average assets of 1.49 percent and a return on average common equity of 14.3 percent. Nonperforming assets decreased 16.5 percent on a year-over-year basis.

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