U.S. Bancorp (USB) closed at $32.70 in the latest trading session, marking a +1.68% move from the prior day. This change outpaced the S&P 500’s 0.69% gain on the day. Meanwhile, the Dow gained 0.43%, and the Nasdaq, a tech-heavy index, lost 8.94%.
Coming into today, shares of the company had gained 8.47% in the past month. In that same time, the Finance sector gained 5.12%, while the S&P 500 gained 5.41%.
U.S. Bancorp will be looking to display strength as it nears its next earnings release, which is expected to be July 19, 2023. In that report, analysts expect U.S. Bancorp to post earnings of $1.17 per share. This would mark year-over-year growth of 7.34%. Our most recent consensus estimate is calling for quarterly revenue of $7.17 billion, up 19.9% from the year-ago period.
