U.S. Bancorp (NYSE: USB ) beat earnings and revenue expectations for the first quarter earlier this month due to high interest rates providing net interest income tailwinds for earnings of financial institutions. U.S. Bancorp benefits from high balance sheet qualityAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions ...