U.S. Bancorp (USB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

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U.S. Bancorp Stock Pops on Q2 Earnings Beat

01:56pm, Wednesday, 17'th Jul 2024
U.S. Bancorp (USB) shares surged in intraday trading Wednesday after the bank holding company's second-quarter results beat analysts' expectations on the top and bottom lines.
Bank earnings continue to show credit remains a key payments choice. U.S. Bancorp's earnings, released Wednesday (July 17) indicated that within the company's payment services segment, credit card pay
U.S. Bancorp's (USB) second quarter 2024 results are aided by lower expenses and higher deposits. Yet, a decline in NII is a concern.
Upbeat sentiment toward bank stocks continued Wednesday as U.S. Bancorp and Citizens Financial Group Inc. both rose on mostly positive quarterly results.
U.S. lenders' second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their investment banking units.
Although the revenue and EPS for U.S. Bancorp (USB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Stre
U.S. Bancorp (USB) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.12 per share a year ago.
U.S. Bancorp's adjusted profit fell about 10% in the second quarter on Wednesday, hurt by a decline in interest income due to higher deposit costs and muted loan demand.
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U.S. Bancorp is headquartered in Minneapolis, MN and has an upcoming earnings release on 17 July. Technical analysis shows bullish price action for USB, with momentum and volume indicators supporting
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