U.S. Bancorp Q1 Results Top Estimates

U.S. Bancorp Q2 Results Top Estimates

U.S. Bancorp (USB) reported Wednesday that net income attributable to U.S. Bancorp common shareholders for the second quarter increased to $1.52 billion or $0.97 per share from $1.28 billion or $0.84 per share in the prior-year quarter.

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U.S. Bancorp Q2 Profit Declines, But Adj. EPS Meets Estimates

U.S. Bancorp (USB) reported Wednesday that net income attributable to U.S. Bancorp for the second quarter declined to $1.36 billion or $0.84 per share from $1.53 billion or $0.99 per share in the prior-year quarter.

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U.S. Bancorp, Mitsubishi UFJ Financial Agree To Extend Purchase Agreement

U.S. Bancorp (USB) and Mitsubishi UFJ Financial Group or MUFG (MTU) on Friday have mutually agreed to exercise their right under the purchase agreement for U.S. Bank's acquisition of MUFG Union Bank's core regional banking franchise to extend the outside termination date to December 31, 2022 from September 30, 2022.

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European Shares Edge Lower On US Debt Concerns

European stocks traded lower on Monday as investors reacted to Moody's downgrade of U.S. credit rating and mixed economic data from China.

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Asian Shares Drift Lower After US Credit Rating Downgrade

Asian stocks ended lower on Monday as Moody's downgrade of the U.S. credit rating reinforced Wall Street's growing worries over the U.S. sovereign bond market.

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China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.

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Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-

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European Shares Likely To Drift Lower On Concerns About US Debt

European stocks may open on a sluggish note Monday after Moody's downgraded the U.S. credit rating by one notch to Aa1 from Aaa, citing rising levels of government debt and interest payments.

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EURUSD	1.12678	GBPUSD	1.33814	AUDUSD	0.64407
USDJPY	144.848	USDCAD	1.39491	USDCHF	0.83321

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U.S. Bancorp Q1 Results Top Estimates