U.S. Bancorp stock reports stronger Q2 earnings as dividend rises

U.S. Bancorp reported stronger Q2 earnings with diluted EPS up 22 percent year over year to USD 1.35 and net revenue reaching USD 7.7 billion. The company also declared a quarterly dividend of USD 0.54, a 3.8 percent increase. Despite these positive financial results, the stock price was down 1.62 percent in the last session and remained 11.5 percent below its 52-week high.