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U.S. Bancorp improved its metrics in the third quarter compared to the previous quarter.
According to the FED stress test, U.S. Bancorp will weather even a severe crisis, but reserves built a probably not enough.
U.S. Bancorp can improve its bottom line by cutting costs - closing branches for example.
Banking stocks still appear undervalued when considering them as long-term investment, but I still expect lower stock prices over the next few quarters.