U.S. Bancorp Earnings, Revenue Beat in Q2

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Investing.com – U.S. Bancorp reported on Friday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

U.S. Bancorp announced earnings per share of $1.09 on revenue of $6.01B. Analysts polled by Investing.com anticipated EPS of $1.06 on revenue of $5.92B.

U.S. Bancorp shares are down 21.22% from the beginning of the year, still down 30.39% from its 52 week high of $63.57 set on January 13. They are under-performing the S&P 500 which is down 20.47% from the start of the year.

U.S. Bancorp follows other major Financial sector earnings this month

U.S. Bancorp’s report follows an earnings missed by JPMorgan on Thursday, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.94 on revenue of $31.82B.

Morgan Stanley had missed expectations on Thursday with second quarter EPS of $1.44 on revenue of $13.13B, compared to forecast for EPS of $1.57 on revenue of $13.39B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Read more at : https://www.investing.com/news/stock-market-news/us-bancorp-earnings-revenue-beat-in-q2-2847669

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