Filed under: Earnings reports, Industry, Citigroup Inc. (C)

The record loss from Citigroup Inc. (NYSE: C) has overshadowed the results from other lenders, US Bancorp (NYSE: USB) and State Street Corp. (NYSE: STT), that also reported today. The news there wasn’t as bad.

US Bancorp reported that fourth-quarter profit fell 21%, partly due to one-time charges. The company had warned about the effects of the real estate slowdown, but it appeared to sidestep the worst of the problems plaguing other lenders. The company’s CEO made it a point to explain that the nation’s seventh-largest bank is “well capitalized.” U.S. Bancorp’s net income fell to $942 million, or 53 cents per share, from $1.19 billion, or 66 cents per share, year over year. Analysts surveyed by Thomson Financial had expected profit of 59 cents per share.

State Street reported Tuesday that fourth-quarter earnings fell 28% after the company took a charge to cover fallout from its subprime investments. Excluding the charge, earnings rose to $540 million, or $1.38 per share, from 86 cents per share last year. Analysts polled by Thomson Financial, whose estimates excluded one-time items, had expected earnings of $1.35 per share. Revenue rose 53% to $2.48 billion from $1.62 billion in the same period last year. Analysts had expected revenue of $2.39 billion.

Among lenders scheduled to report on Wednesday are JP Morgan Chase & Co. (NYSE: JPM), Northern Trust Corp. (NASDAQ: NTRS), and Wells Fargo & Co. (NYSE: WFC).

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