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News Summary
U.S. Bancorp has agreed to acquire financial services firm BTIG for up to $1 billion in cash and stock. The deal aims to expand the bank's capital markets business by adding equity trading, ECM, and M&A advisory capabilities to deepen client relationships and accelerate growth. The acquisition is described as a natural step in the bank's evolution. The company is also set to report quarterly earnings, with analysts expecting potential for an earnings beat.