U.S. Bancorp (NYSE:USB) is expected to report second quarter earnings results, before market open, on Wednesday 15th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.22 per share.
Looking ahead, the full year income are expected at $ 2.21 per share on the revenues of $ 22391.40 million.
Previous Quarter Performance
U.S. Bancorp unfold income for the first quarter of $ 0.72 per share, from the revenue of $ 5,772.00 million. The quarterly earnings decreased 28.00 percent while revenues escalated 3.50 percent compared with the same quarter last year.
According to street consensus, USB was expected to report 1Q20 income of $ 0.58 per share from revenue of $ 5564.03 million. The bottom line results beat street analysts by $ 0.14 or 24.14 percent, at the same time, top line results outshined analysts by $ 207.97 million or 3.74 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of U.S. Bancorp
Stock Performance
According to the previous trading day, closing price of USB was $ 36.29, representing a 27.96 % increase from the 52 week low of $ 28.36 and a 40.62 % decrease over the 52 week high of $ 61.11.
The company has a market capital of $ 54.66 billion and is part of the Financial Services sector and Banks – Regional – US industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”USB” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
On 12th June 2020, initiated by DA Davidson at Buy rating, with $ 47.00 target price.
On 11th June 2020, maintained by Morgan Stanley at Underweight rating, with $ 41.00 target price.
On 4th June 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 46.00 target price.
Conference Call
U.S. Bancorp will be hosting a conference call at 9:00 AM eastern time on 15th July 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 866.316.1409 or 706.634.9086 Outside U.S., and the passcode is 4179908 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/xwtyhkni
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
