USB is scheduled to report second-quarter 2020 results on July 15, before the opening bell. The company’s revenues and earnings are likely to have witnessed a year-over-year decline.
Before we look at the factors that might have impacted second-quarter earnings, let’s take a look at the company’s performance in the last few quarters.
Notably, U.S. Bancorp displays a decent earnings surprise history. It surpassed estimates in three of the trailing four quarters, the average positive surprise being 13.1%.
