The financial sector, as measured by the XLF ETF, is trading higher today following a strong third-quarter earnings report from U.S. Bancorp (USB). The bank holding company reported earnings and revenue that topped analyst expectations, driven by an increase in both net interest income and non-interest income. U.S. Bancorp also raised its full-year 2026 revenue growth forecast, signaling a positive outlook for its business. This upbeat report from a major banking institution is likely boosting investor sentiment across the financial sector.