In the latest trading session, U.S. Bancorp (USB) closed at $32.76, marking a +1.36% move from the previous day. This move outpaced the S&P 500’s daily gain of 0.45%. At the same time, the Dow added 0.8%, and the tech-heavy Nasdaq gained 1.99%.
Coming into today, shares of the company had gained 8.09% in the past month. In that same time, the Finance sector gained 3.63%, while the S&P 500 gained 4.25%.
Investors will be hoping for strength from U.S. Bancorp as it approaches its next earnings release, which is expected to be July 19, 2023. On that day, U.S. Bancorp is projected to report earnings of $1.15 per share, which would represent year-over-year growth of 5.5%. Our most recent consensus estimate is calling for quarterly revenue of $7.15 billion, up 19.55% from the year-ago period.
