The Minneapolis-based bank beat Wall Street expectations posting a $1.35 billion profit in the fourth quarter. U.S. Bank also posted record earnings of $4.87 billion for the year. The company reports lending activity increased more than 16 percent.
St. Paul schools add 2 days to winter break due to pandemic stress
The added days off are meant to acknowledge the stress the pandemic has caused.
Charges: St. Cloud mother killed baby, placed him in dumpster
The 4-month-old baby was found by officers on Sunday morning.
1 dead in crash at Lake Street intersection in south Minneapolis
There have been 465 deaths on Minnesota roads this year, according to the state's traffic division.
St. Paul restaurateur's businesses burglarized a 6th time
The owner of The Gnome and Hope Breakfast Bar is asking politicians to help St. Paul business owners.
Teen suffers life-threatening injuries in head-on crash in southern MN
The 18-year-old was airlifted to a Mayo Clinic hospital in Rochester.
Foo Fighters abruptly cancel Gophers stadium show hours after announcing it
The band is looking for a new venue because of a disagreement over COVID protocols.
Minnesota's COVID-19 update for Tuesday, November 30
More than 12,000 newly reported cases.
LUSH in Minneapolis to reopen under new ownership in December
FOX 9's Jason Matheson and two popular performers are among the new owners of the revived bar and restaurant.
Lace up: Indoor skating returns to US Bank Stadium this winter
The venue announced 13 Winter Warm-Up dates for both skaters and runners.
More than 1,500 people are hospitalized with COVID-19 in MN
Minnesota's hospital systems continue to be under tremendous strain.
3 killed in trio of crashes in Minnesota on Monday
The crashes happened in St. Louis, Winona and Carver counties.
U.S. Bancorp 3Q profit grows 16 percent to break another record
U.S. Bancorp, parent company of U.S. Bank, posted a record net income of $1.47 billion, a 16 percent jump from $1.27 billion a year-earlier, Bloomberg reports. “Earnings included continued strong mortgage-banking activity, which contributed to our growth in fee income, residential real estate loans and loans held for sale,” said CEO Richard Davis.
Piper Jaffray's Q3 revenue surges 39%
Piper Jaffray Cos. reported its net revenue grew to $133 million, compared to $95.9 million in the third quarter last year, the Business Journal reports. The Minneapolis-based investment bank and asset manager says its mortgage-backed securities trading strategy "drove the majority of the improvement."
Select Comfort 2Q earnings surge 50 percent
Select Comfort Corp.'s shares soared 19 percent in after-hours trading Wednesday after the company reported it beat Wall Street expectations with strong gains in both sales and profits. The Plymouth-based maker of the Sleep Number bed also announced plans to open more stores than originally expected.
U.S. Bancorp third-largest mortgage lending originator
U.S. Bancorp beat banking giants Bank of America and Citigroup in the first quarter of the year. Wells Fargo and JPMorgan Chase continue to dominate the unrivaled market share.
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