U.S. Bancorp Q2 Profit Declines, But Adj. EPS Meets Estimates

RTTNews | 649 days ago
Stocktwits
U.S. Bancorp Q2 Profit Declines, But Adj. EPS Meets Estimates

(RTTNews) - U.S. Bancorp (USB) reported Wednesday that net income attributable to U.S. Bancorp for the second quarter declined to $1.36 billion or $0.84 per share from $1.53 billion or $0.99 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $1.79 billion or $1.12 per share, compared to $1.68 billion or $1.09 per share in the year-ago quarter.

Total net revenue for the quarter increased 19.3 percent to $7.18 billion, including $4.45 billion of net interest income and $2.73 billion of noninterest income, from $6.01 billion, including $3.46 billion of net interest income and $2.55 billion of noninterest income, in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.12 per share on revenue of $7.15 billion for the quarter. Analysts' estimates typically exclude certain special items.

Provision for credit losses for the quarter was $821 million, up from $311 last year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: USB
Stocktwits
read more
U.S. Bancorp Q2 Results Top Estimates

U.S. Bancorp Q2 Results Top Estimates

U.S. Bancorp (USB) reported Wednesday that net income attributable to U.S. Bancorp common shareholders for the second quarter increased to $1.52 billion or $0.97 per share from $1.28 billion or $0.84 per share in the prior-year quarter.
RTTNews | 285 days ago
U.S. Bancorp Q1 Results Top Estimates

U.S. Bancorp Q1 Results Top Estimates

U.S. Bancorp (USB) reported Wednesday that net income attributable to U.S. Bancorp for the first quarter declined to $1.32 billion or $0.78 per share from $1.70 billion or $1.04 per share in the prior-year quarter.
RTTNews | 376 days ago
U.S. Bancorp, Mitsubishi UFJ Financial Agree To Extend Purchase Agreement

U.S. Bancorp, Mitsubishi UFJ Financial Agree To Extend Purchase Agreement

U.S. Bancorp (USB) and Mitsubishi UFJ Financial Group or MUFG (MTU) on Friday have mutually agreed to exercise their right under the purchase agreement for U.S. Bank's acquisition of MUFG Union Bank's core regional banking franchise to extend the outside termination date to December 31, 2022 from September 30, 2022.
RTTNews | 955 days ago
U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against its major counterparts in the New York session on Monday, as investors focused on upcoming earnings announcements and some crucial U.S. economic data.
RTTNews | 5h 35min ago
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a flat start and a subsequent sluggish spell the Switzerland market moved higher on Monday with stocks gradually gaining in strength as the day progressed.
RTTNews | 7h 2min ago
European Stocks Close Broadly Higher Ahead Of Earnings Announcements

European Stocks Close Broadly Higher Ahead Of Earnings Announcements

European stocks closed higher on Monday, and the U.K. market recorded its longest winning streak in over five years, moving up for the eleventh consecutive session, as investors focused on upcoming earnings announcements and some crucial European and U.S. economic data. Hopes of a de-escalation in U.S.-China trade friction too contribute to the positive mood in the market.
RTTNews | 7h 14min ago
Domino's Pizza Q1 Earnings Beat, Revenues Miss, U.S. Same Store Sales Down; Stock Drops

Domino's Pizza Q1 Earnings Beat, Revenues Miss, U.S. Same Store Sales Down; Stock Drops

Domino's Pizza Inc. announced Monday higher earnings in its first quarter, above market estimates, amid revenue growth. Meanwhile, the largest pizza company in the world recorded weak income from operations and U.S. same store sales, and its top line missed the Street view. In pre-market activity on the Nasdaq, Domino's Pizza shares were losing around 2.6 percent.
RTTNews | 11h 48min ago
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Indicators Heatmap
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviews
Brokers
Prop Trading Firms
VPS Services
Signal Providers
EA Programming Services
Affiliate Programs
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Crypto Exchanges
Trading Courses
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions Press Release
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2025 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.