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U.S. Bancorp Posts Q4 Profit With FDIC, Treasury Aid

By DIANA GOLOBAY

U.S. Bancorp (USB: 13.39 -12.71%) on Wednesday reported a net quarterly income of $330 million — or 15 cents per share — down from the 53-cents-per-share earnings reported in the previous-year period. The bank’s total residential mortgages increased 3.4 percent to $760 million in the quarter, according to its earnings statement. The bank’s mortgage-related revenue [...]

Full post as published by Housing Wire on January 21, 2009 (boomark / email).