Earnings roundup: US Bancorp, Northern Trust

Earnings roundup: US Bancorp profit grows 14 pct on more lending, fees lift Northern Trust net

Associated Press

Among the earnings stories for Wednesday, Oct. 17, from The Associated Press:

— U.S. Bancorp's net income leapt 14 percent in the third quarter as the regional bank made more loans to companies and people seeking mortgages.

— Northern Trust Corp. said its third-quarter net income rose 5 percent due to higher fees from clients for managing their money.

— BlackRock Inc. said its third-quarter net income rose 7.9 percent, boosted by an influx of investor cash into its low-cost iShares exchange-traded funds.

— Knoll Inc. said its third-quarter net income fell 34 percent as revenue declined on weak demand.

— Water-heater maker A.O. Smith's net income dropped 80 percent from last year's third quarter, when it gained from an asset sale.

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