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Shares of U.S. Bancorp (NYSE:USB) ended Friday session in red amid volatile trading. The shares closed down -0.12 points or -0.27% at $43.93 with 6.28 million shares getting traded. Post opening the session at $44.15, the shares hit an intraday low of $43.83 and an intraday high of $44.40 and the price vacillated in this range throughout the day. The company has a market cap of $74.68 billion and the numbers of outstanding shares have been calculated to be 1.72 billion shares.

U.S. Bancorp (USB) recently stated net income of $1,502 million for the third quarter of 2016, or $0.84 per diluted common share, contrast with $1,489 million, or $0.81 per diluted common share, in the third quarter of 2015.

Highlights for the third quarter of 2016 included:

Industry-leading return on average assets of 1.36 percent, return on average common equity of 13.5 percent and efficiency ratio of 54.5 percent

Returned 79 percent of third quarter earnings to shareholders through dividends and share buybacks

Average total loans grew 1.1 percent on a linked quarter basis and 7.6 percent over the third quarter of 2015 (6.4 percent year-over-year, apart from the credit card portfolio acquisition at the end of the fourth quarter of 2015 and student loans, which were transferred from held for sale to held for investment in the third quarter of 2015)

Average total deposits grew 3.6 percent on a linked quarter basis and 10.0 percent over the third quarter of 2015

Net interest income (taxable-equivalent basis) grew 1.6 percent on a linked quarter basis and 4.3 percent year-over-year

Shares of Mastercard Inc (NYSE:MA) ended Friday session in red amid volatile trading. The shares closed down -0.75 points or -0.72% at $103.03 with 3.07 million shares getting traded. Post opening the session at $103.90, the shares hit an intraday low of $103.03 and an intraday high of $104.43 and the price vacillated in this range throughout the day. The company has a market cap of $111.24 billion and the numbers of outstanding shares have been calculated to be 1.07 billion shares.

Mastercard Inc (MA) recently declared financial results for the third quarter of 2016. The company stated net income of $1.2 billion, a boost of 21% as contrast to the year-ago period, or 15% apart from a special item related to the termination of the U.S. employee pension plan taken in last year’s third quarter. Earnings per diluted share were $1.08, up 26%, or 19% apart from the special item.

Net revenue for the third quarter of 2016 was $2.9 billion, a 14% increase as contrast to the same period in 2015. Net revenue growth was driven by the impact of the following:

A boost in processed transactions of 18%, to 14.5 billion;

A boost in cross-border volumes of 12%; and

An 11% increase in gross dollar volume, on a local currency basis and adjusting for the impact of recent EU regulatory changes, to $1.2 trillion.

 

 

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