AI helps improve U.S. Bank’s efficiency ratio to 55.9%
Bank reported record Q3 revenue of $8B
AI programs for internal workflow and customer-facing processes increased U.S. Bank‘s efficiency in the third quarter. “Productivity initiatives, including from our AI programs, helped improve our efficiency ratio and increased return on average assets year over year,” U.S. Bank Chief Executive Gunjan Kedia said on today’s earnings call. The $705.6 million bank’s efficiency ratio improved […]
