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Despite Rising Expenses U.S. Bancorp Remains a Bankable Stock

NEW YORK (TheStreet) -- Increased costs and a chronically low interest rate environment are not a great combination for banks, which rely on higher interest rates to drive their revenues and profits. However, though U.S. Bancorp (USB - Get Report) has struggled in 2015 -- its shares are down more than 7% year-to-date, compared to a 4% decline for the broader KBW Bank Index (BKX) -- rising capital expenses can also indicate optimism about its capital position.

So ahead of U.S. Bancorp's third-quarter earnings results Thursday, investors would be well served to ignore the bearish thesis about those rising expenses and focus instead on the ways the Minnesota-based bank is investing in its long-term value -- for example, its new technology platform, which is aimed at cutting future expenses. The bank, whose...