- U.S. Bancorp reports first-quarter earnings per share of 67 cents.
- Analysts were expecting EPS of 64 cents.
- Mortgage banking revenue more than doubles, to $452 million.
|U.S. Bancorp CEO Richard K. Davis|
Daniel Tarullo, the Fed governor who effectively filled the job even though he wasn't confirmed by the Senate and didn't have the title, said last month he was stepping down.
Reduce holdings on BB&T, M&T Bank, PNC Financial, SunTrust and U.S. Bancorp, given their overbought charts and negative divergences in momentum.
Momentum appears to be slowing so far in 2017.