Five Star Results (NYSE: USB) (NYSE: PNC) (NYSE: WFC)

NEW YORK - U.S. Bancorp improved first quarter profit by 56% as the Minneapolis, Minnesota based bank had stronger revenue and lower provisions.

The company has the highest provisions for loan losses of all the major banks. U.S. Bancorp has 150 cents for every $1 nonperforming loan, a ratio which is excessively high and reflects the conservative  standard of USB. The ratio for Wells Fargo is 60%. If USB allowed this ratio to reach Wells Fargo ratio it would mean on average $500 million of extra profit a quarter over the next 6 quarters.

Despite the strong results the market movers have moved the stock lower. Often times, serious investors do not enter the market right after a company reports. As well even after the sell-off seen today, some investors might deem USB to still be fairly valued and are not buying it.

Wells Fargo and PNC, respectively will follow over the next two days. These three banks are viewed as the strongest banks and have used the financial crisis to greatly expand their empires.  Wall Street and investors will be awaiting PNC and WFC's results.