It was a testament to U.S. Bancorp's (USB) operating philosophy and disciplined underwriting strategy that the bank didn't make a lot garbage loans that came back to haunt it, nor did the bank hamstring itself like Wachovia or Bank of America (BAC) by paying premiums to acquire ticking time bombs. While some analysts and investors feared that new regulations governing fees would decimate what had been a real honeypot for U.S. Bancorp in years past, U.S. Bancorp earnings continue to show that while that operating environment changes, U.S. Bancorp remains a reliably well-run bank.
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U.S. Bancorp Leading The Pack On The Way Back
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