BUZZ - Bank of America Group's Q3 earnings exceed expectations, stock price rises

October 15 - ** U.S. Bancorp USB.N shares rose 2% in afternoon trading to $57.40

** According to data compiled by London Stock Exchange Group (LSEG), the company reported quarterly net profit of $2.2 billion, above analysts’ estimate of $2.06 billion

** However, net interest income for the third quarter was $4.47 billion, below analysts’ expectation of $4.49 billion

** Of 24 brokerages, 15 rate the stock as “buy” or higher, 8 recommend “hold”, and 1 recommends “sell”; the median target price is $68

** The stock's current price-to-earnings ratio is 9.88 times forecast earnings per share for the next 12 months, below the industry median of 10.02 times

** Including gains for the day, USB has risen over 7% so far this year

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