image credit: Adobe Stock

U.S. Bancorp (USB) Dips More Than Broader Markets: What You Should Know

March 2, 2023

Via: Yahoo

U.S. Bancorp (USB) closed at $47.31 in the latest trading session, marking a -0.88% move from the prior day. This change lagged the S&P 500’s daily loss of 0.47%. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, lost 15.51%.

Heading into today, shares of the company had lost 4.16% over the past month, lagging the Finance sector’s loss of 2.63% and the S&P 500’s loss of 2.53% in that time.

Wall Street will be looking for positivity from U.S. Bancorp as it approaches its next earnings report date. The company is expected to report EPS of $1.17, up 18.18% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.2 billion, up 29.29% from the year-ago period.

Read More on Yahoo