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U.S. Bancorp Stock Jumped Over 4% in Morning Trading

Tiger Newspress2022-04-14

U.S. Bancorp (USB) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $1.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.45%. A quarter ago, it was expected that this company would post earnings of $1.11 per share when it actually produced earnings of $1.07, delivering a surprise of -3.60%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

U.S. Bancorp , which belongs to the Zacks Banks - Major Regional industry, posted revenues of $5.57 billion for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 0.44%. This compares to year-ago revenues of $5.44 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

U.S. Bancorp shares have lost about 9.9% since the beginning of the year versus the S&P 500's decline of -6.7%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • SCLIEW
    ·2022-04-14
    666
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  • RedpillBluep
    ·2022-04-14
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  • RedpillBluep
    ·2022-04-14
    Thanks for the tips and information! Learn something new today 😃 Much appreciated!
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  • Haw75
    ·2022-04-14
    Latest 
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  • fhho32
    ·2022-04-14
    Ok
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  • lawrencegb
    ·2022-04-14
     Like
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  • V K
    ·2022-04-14
    Pls like tyvm[Happy] 
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  • claratan
    ·2022-04-14
    Wow 
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  • SiewWeng
    ·2022-04-14
    ok
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    • SiewWeng
      good
      2022-04-14
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