UPDATE: US Bancorp Posts Rise In Q4 Profit

US Bancorp

reported a rise in its fourth-quarter net income. US Bancorp's quarterly profit surged to $1.35 billion, or $0.72 per share, versus $1.31 billion, or $0.69 per share, in the year-ago quarter. Analysts were expecting a profit of $0.74 per share for the quarter. Its revenue from interest on loans climbed 4.1%. US Bancorp shares closed at $33.28 yesterday.