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U.S. Bancorp

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U.S. Bancorp recently lowered its profit expectations, citing the persistent global turmoil and slow economic recovery. Apart from reducing ROE and ROA targets, the company also cut its net income growth projection. The revised targets signal that the current stressed operating environment is likely to continue for a longer period. The company’s bottom-line growth remains hindered by mounting expenses. Further, the company continues to face margin pressure amid the slow rise in interest rates. However, the company’s growth prospects should continue get support from its solid business model, core franchise and diverse revenue streams.

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