U.S. Bancorp, PNC's Margins Thin Out In Q2

U.S. Bancorp (USB) continued to feel the squeeze of compressed net interest margins in the second quarter, as it and PNC Financial Services (PNC) continue their wait for a Federal Reserve rate hike. The Minneapolis-based parent of U.S. Bank earned 80 cents a share in Q2, up 2.6% from a year earlier, matching estimates of analysts polled by Thomson Reuters. Revenue fell 3.9% to $4.99 billion, missing estimates of $5.04 billion. Its net interest

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