Prior to the official commencement of the trading day, U.S. Bancorp (NYSE: USB) unveiled its most recent financial outcomes.
Earnings exceeded market expectations, while revenue outpaced analyst forecasts.
The latest financial figures indicate an adjusted quarterly income of $1.03 per share and a total revenue of $6.96 billion.
Initial market predictions indicated a projected quarterly profit of $0.98 and an expected revenue of $6.91 billion.
Quarterly revenue witnessed a 3.6 percent uptick, with earnings showing a 14.4 percent increase.
The company’s revenue target for Q2 2025 is estimated to be between $7 and $7.10 billion, contrasting with Wall Street’s projected revenue of $7.11 billion.
For the fiscal year 2025, U.S. Bancorp has set a revenue goal ranging from $28.43 to $28.98 billion, while analysts on Wall Street anticipate revenues of $28.52 billion.
