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U.S. Bancorp (USB) Gains But Lags Market: What You Should Know

August 26, 2022

Via: Yahoo

In the latest trading session, U.S. Bancorp (USB) closed at $47.76, marking a +1.21% move from the previous day. This move lagged the S&P 500’s daily gain of 1.41%. Elsewhere, the Dow gained 0.98%, while the tech-heavy Nasdaq lost 0.02%.

Coming into today, shares of the company had lost 2.12% in the past month. In that same time, the Finance sector gained 4.09%, while the S&P 500 gained 4.68%.

Investors will be hoping for strength from U.S. Bancorp as it approaches its next earnings release. On that day, U.S. Bancorp is projected to report earnings of $1.17 per share, which would represent a year-over-year decline of 10%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.26 billion, up 6.79% from the year-ago period.

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