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U.S. Bancorp (USB) Stock Gaining on Earnings Beat

NEW YORK (TheStreet) -- U.S. Bancorp (USB - Get Report) stock is climbing by 2.52% to $41.52 in late morning trading on Thursday, after reporting its earnings results for the third quarter of 2015.

The financial services company reported earnings of 81 cents per share, compared to 78 cents per share for the year ago period.

Revenue for the most recent quarter increased by 3.1% to $5.15 billion from $4.99 billion for the 2014 third quarter. The increase came as loan growth and higher payments fees outweighed expenses.

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