In the latest trading session, U.S. Bancorp (USB) closed at $35.61, marking a -0.39% move from the previous day. This move lagged the S&P 500’s daily gain of 0.1%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq lost 2.19%.
Prior to today’s trading, shares of the company had lost 11.99% over the past month. This has lagged the Finance sector’s loss of 4.8% and the S&P 500’s gain of 3.13% in that time.
U.S. Bancorp will be looking to display strength as it nears its next earnings release, which is expected to be April 19, 2023. On that day, U.S. Bancorp is projected to report earnings of $1.14 per share, which would represent year-over-year growth of 15.15%. Our most recent consensus estimate is calling for quarterly revenue of $7.18 billion, up 28.87% from the year-ago period.
