Tuesday, April 17, 2007

US Bancorp 1st-qtr profit falls 2 pct

(Reuters) - NEW YORK, April 17 - U.S. Bancorp. , the sixth-largest U.S. bank, on Tuesday said first-quarter profit fell 2 percent, hurt by a declining net interest margin that crimped lending income.

Net income for the Minneapolis-based company fell to $1.13 billion from $1.15 billion a year earlier. Profit was 63 cents per share in both periods.


Read more at Reuters.com Market News

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