U.S. Bancorp (NYSE: USB) is the fifth-largest U.S.-based commercial bank by assets, and is widely considered to be one of the best-run banks in the nation. In fact, the company is one of Warren Buffett’s major bank stock holdings.
In its third-quarter earnings report, U.S. Bancorp not only lived up to expectations, but continued to show investors why it has such a strong reputation. As its profitability and efficiency show, the bank is truly in a class by itself.