U.S. Bancorp Profit Beats Estimates on Commercial Loan Gains

  • Second-quarter profit climbs 2.6% to a record $1.52 billion
  • Total average loans increase 8.1% as energy provisions fall

U.S. Bancorp, the nation’s largest regional lender, posted record second-quarter profit that beat analysts’ estimates as gains in commercial and credit-card loans helped drive revenue.

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