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U.S. Bancorp (USB) Outpaces Stock Market Gains: What You Should Know

January 13, 2023

Via: Yahoo

In the latest trading session, U.S. Bancorp (USB) closed at $47.59, marking a +1.02% move from the previous day. The stock outpaced the S&P 500’s daily gain of 0.34%. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 8.98%.

Heading into today, shares of the company had gained 8.82% over the past month, outpacing the Finance sector’s gain of 3.84% and the S&P 500’s gain of 1% in that time.

Wall Street will be looking for positivity from U.S. Bancorp as it approaches its next earnings report date. This is expected to be January 25, 2023. The company is expected to report EPS of $1.11, up 3.74% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $6.66 billion, up 17.64% from the prior-year quarter.

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