NYSE USD

U.S. Bancorp (USB)

40.45

+1.01

(+2.56%)

At close: 4:00 PM EDT

40.31

-0.14

(-0.35%)

After hours: 6:17 PM EDT

Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout

For another quarter, big banks saw only a smattering of losses on office loans. Seemingly every week brings fresh headlines about office towers selling at deeply discounted prices. Partly that is because they have already set aside sizable reserves for future losses over the past few quarters.

The Wall Street Journal 11 hours ago

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U.S. Bancorp (NYSE:USB) Q1 2024 Earnings Call Transcript

U.S. Bancorp (NYSE:USB) Q1 2024 Earnings Call Transcript April 17, 2024 U.S. Bancorp isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Welcome to the U.S. Bancorp First Quarter 2024 Earnings Conference Call. Following a review of the results, there will […]

Insider Monkey yesterday

USB
+2.56%
U.S. Bancorp (USB) Q1 2024 Earnings Call Transcript Highlights: Key Financial Metrics and ...

Explore U.S. Bancorp's financial performance, including earnings adjustments, net interest income trends, and strategic responses to current economic pressures.

GuruFocus.com yesterday

USB
+2.56%
Q1 2024 US Bancorp Earnings Call

Q1 2024 US Bancorp Earnings Call

Thomson Reuters StreetEvents yesterday

USB
+2.56%
Market Reaction To Bank Earnings Is Mixed, JPMorgan Analysts Project Further Decline In Net Interest Income

As the U.S. financial sector grapples with recent earnings releases, investor reactions have been mixed. Some stocks are witnessing declines. Others are posting gains. See below. Banks Q1 Earnings Reports And Market Reactions, So Far Company Ticker Mkt Cap ($ mn) Price ($) Rating JPMorgan Price Target End Date Q1 Earnings Date EPS Revenue Stock Reaction (since earnings) as of April 18, 2:40 PM ET Citigroup Inc. C 119,590.80 62.84 N 64 Dec-24 Apr 12 Beat Beat -4.46% Wells Fargo WFC 206,396.90 57.

Benzinga 2 days ago

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SDAWW

WFC
+2.74%
Bank of America CEO: The Federal Reserve is winning the war on inflation

Bank of America CEO Brian Moynihan weighs in on the fight against inflation and another solid quarter of consumer spending.

Yahoo Finance 2 days ago

BAC

C

JPM
U.S. Bancorp's (USB) Q1 Earnings Beat Estimates, Provisions Rise

U.S. Bancorp's (USB) Q1 earnings gain from a rise in fee income and lower expenses. However, a fall in NII and a rise in provisions act as headwinds.

Zacks 2 days ago

USB
+2.56%
Regional Bank Earnings: Profit Drops at U.S. Bancorp, Citizens

Another round of first-quarter earnings showed that higher-for-longer interest rates have continued to take a toll on regional banks, even for the largest players. + **U.S. Bancorp** said profit fell 24% from a year earlier to $1.

The Wall Street Journal 2 days ago

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US STOCKS-Wall St gains from megacaps thrust; earnings, Fed comments on tap

Wall Street's main indexes rose on Wednesday, boosted by megacap growth stocks and as corporate results rolled in, while investors awaited commentary from Federal Reserve policymakers for clues on the economy's health. The benchmark S&P 500 and the Nasdaq closed lower in the previous session, impeded by climbing Treasury yields. Top U.S. central bank officials including Fed Chair Jerome Powell refrained from providing any guidance on when interest rates may be cut.

Reuters 2 days ago

COMP

^GSPC

^DJI
UPDATE 1-U.S. Bancorp cuts 2024 interest income forecast, Q1 profit falls 22%

U.S. Bancorp cut its forecast for full-year interest income and reported a 22% fall in first-quarter profit on Wednesday, as higher deposit costs and a larger corpus of rainy-day funds to cover potential defaults continue to weigh on the sector. Shares of U.S. Bancorp fell 4% in morning trading. Lenders in the U.S. have been offering higher interest rates in recent months to retain deposits as customers are increasingly seeking better returns by placing their money in higher-yielding alternatives.

Reuters 2 days ago

USB
+2.56%
U.S. Bancorp Shares Fall as Lending-Income Guidance Trimmed

(Bloomberg) -- U.S. Bancorp reduced the outlook for a key driver of its profit for the year as lenders face pressure to pay more for deposits.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsChina Tells Iran Cooperation Will Last After Attack on IsraelBankers Hit With Millions in Breakup Fees for Ditching New JobsThe Minneapolis-based

Bloomberg 2 days ago

USB
+2.56%
Owner of Popular SoCal Latin Food Chain Drives Growth, Eyes National Expansion

Since buying the Amapola Market chain in 2021, Rolando Pozos has increased its employee base and product offerings Originally published on U.S. Bank company blog NORTHAMPTON, MA / ACCESSWIRE / April 17, 2024 / For two decades, Rolando Pozos worked ...

ACCESSWIRE 2 days ago

USB
+2.56%
USB-PR
U.S. Bancorp (USB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for U.S. Bancorp (USB) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Zacks 2 days ago

USB
+2.56%
US STOCKS-Wall St set for higher open on megacaps boost; earnings, Fed comments on tap

Wall Street's main indexes eyed a higher open on Wednesday bolstered by megacap growth stocks, while investors parsed corporate earnings and awaited commentary from Federal Reserve policymakers for clues on the state of the economy. The benchmark S&P 500 and the Nasdaq closed lower in the previous session, bogged down by climbing Treasury yields. Top U.S. central bank officials including Fed Chair Jerome Powell refrained from providing any guidance on when interest rates may be cut.

Reuters 2 days ago

^GSPC

USB
+2.56%
MBLY
U.S. Bancorp Q1 2024 Earnings: Performance Amid Challenges

Insights into U.S. Bancorp's Financial Outcomes Compared to Analyst Expectations

GuruFocus.com 2 days ago

USB
+2.56%
U.S. Bancorp (USB) Beats Q1 Earnings Estimates

U.S. Bancorp (USB) delivered earnings and revenue surprises of 1.12% and 0.16%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Zacks 2 days ago

USB
+2.56%
U.S. Bancorp Beats Earnings Estimates, but the Stock Is Falling Anyway

U.S. Bancorp reported first-quarter adjusted earnings of 90 cents a share on revenue of $6.72 billion.

Barrons.com 2 days ago

USB
+2.56%
U.S. Bancorp cuts 2024 interest income forecast, Q1 profit falls 22%

(Reuters) -U.S. Bancorp cut its forecast for full-year interest income and reported a 22% fall in first-quarter profit on Wednesday, as higher deposit costs and a larger corpus of rainy-day funds to cover potential defaults continue to weigh on the sector. Shares of U.S. Bancorp fell 4% in morning trading. U.S. Bancorp now expects net interest income (NII), the difference between what banks pay customers on deposits and earn as interest on loans, between $16.1 billion and $16.4 billion for the full year compared to the over $16.6 billion it had expected earlier.

Reuters 2 days ago

USB
+2.56%
U.S. Bancorp Reports First Quarter 2024 Results

MINNEAPOLIS, April 17, 2024--U.S. Bancorp Reports First Quarter 2024 Results

Business Wire 2 days ago

USB
+2.56%
USB-PR
Deposits are banking industry's 'boogeyman': Money manager

Bank of America (BAC) and Morgan Stanley (MS) were the latest Big Bank stocks to report first-quarter earnings on Tuesday. Both topped earnings and revenue estimates, a trend consistent for major financial players who have reported earnings so far. Hennessy Funds Portfolio Manager David Ellison joins Market Domination to discuss the biggest boons and challenges for the banking sector. "I think the boogeyman or the real new issue is what's going to happen to the deposit side," Ellison explains. "Since the Silicon Valley-First Republic issues of a year or so ago, the deposit side has really been exposed as a risk factor for the industry that we've never had. So you see most of these large banks losing non-interest bearing deposits to the market..." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 3 days ago

BAC

PNC
+2.98%
JPM

Performance Overview

Return	USB	S&P 500
YTD	-5.47%	+4.14%
1-Year	+21.13%	+19.55%
3-Year	-20.42%	+18.68%

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U.S. Bancorp (USB)

Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout

U.S. Bancorp (NYSE:USB) Q1 2024 Earnings Call Transcript

U.S. Bancorp (USB) Q1 2024 Earnings Call Transcript Highlights: Key Financial Metrics and ...

Q1 2024 US Bancorp Earnings Call

Market Reaction To Bank Earnings Is Mixed, JPMorgan Analysts Project Further Decline In Net Interest Income

Bank of America CEO: The Federal Reserve is winning the war on inflation

U.S. Bancorp's (USB) Q1 Earnings Beat Estimates, Provisions Rise

Regional Bank Earnings: Profit Drops at U.S. Bancorp, Citizens

US STOCKS-Wall St gains from megacaps thrust; earnings, Fed comments on tap

UPDATE 1-U.S. Bancorp cuts 2024 interest income forecast, Q1 profit falls 22%

U.S. Bancorp Shares Fall as Lending-Income Guidance Trimmed

Owner of Popular SoCal Latin Food Chain Drives Growth, Eyes National Expansion

U.S. Bancorp (USB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

US STOCKS-Wall St set for higher open on megacaps boost; earnings, Fed comments on tap

U.S. Bancorp Q1 2024 Earnings: Performance Amid Challenges

U.S. Bancorp (USB) Beats Q1 Earnings Estimates

U.S. Bancorp Beats Earnings Estimates, but the Stock Is Falling Anyway

U.S. Bancorp cuts 2024 interest income forecast, Q1 profit falls 22%

U.S. Bancorp Reports First Quarter 2024 Results

Deposits are banking industry's 'boogeyman': Money manager

Performance Overview