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U.S. Bancorp first-quarter earnings match analyst estimates

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(), the nation’s largest regional lender, said its first-quarter profit rose 6.7%, matching analyst estimates, as the company set aside less for bad loans.

Net income climbed to $1.43 billion, or 73 cents a share, from $1.34 billion, or 67 cents, a year earlier, the Minneapolis-based bank said today in a statement. The () of 32 analysts surveyed by Bloomberg was for 73 cents a share.

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