Sundry Photography U.S. Bancorp (NYSE:USB) beat second-quarter earnings consensus estimates last week Wednesday, despite the commercial bank reporting a 9% decline in its net interest income. I believe, the lender's net interest income will continue to decline as the Fed gets ready for its rate pivot, which, generally speaking, should make cyclical bank investments less attractive. Considering that shares of USB now trade at a 41% premium to net asset value, I believe the risk profile remains unappealing. D ...