|Bid||45.00 x 1400|
|Ask||0.00 x 1200|
|Day's Range||48.16 - 49.49|
|52 Week Range||43.14 - 58.50|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||12.27|
|Earnings Date||Jan 13, 2017 - Jan 17, 2017|
|Forward Dividend & Yield||1.48 (3.10%)|
|1y Target Est||54.50|
Fourth-quarter earnings results varied at two of the U.S.’s largest regional banks, while both reported a drop in expenses and increase in revenue. U.S. Bancorp said earnings were $1.10 a share, up from 97 cents a share a year earlier. PNC Financial Services Group said earnings were $2.75 a share, down from $4.18 a share.
U.S. Bancorp earnings (NYSE:USB) were released early in the day on Wednesday, helping to send USB stock surging throughout the course of hump day thanks to the fact that the company's revenue for its latest period increased when compared to its year-ago quarterly results. The Minneapolis, Minn.-based banking company said that for its fourth quarter of its fiscal year, it brought in earnings of $1.10 per share, beating the 97 cents per share it amassed during the company's fourth quarter of its fiscal 2017. The company reported its results before the market opened. U.S. Bancorp's results were stronger than the $1.06 per share that analysts were calling for, according to data compiled on a survey conducted by FactSet. The company's results were in line with other companies in the industry such as PNC, Wells Fargo and more. The company added that its net interest income was 4% higher than it was during the year-ago quarter, reaching $3.3 billion. U.S. Bancorp also said that its higher interest rates for the period helped to boost its net interest income, while also adding higher deposit costs that had a mixed effect on the company's overall results. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The banking institution added that its net interest margin, which measures how profitable it is, was 3.15%, an increase of 4 basis points from its fourth quarter of its fiscal 2017. USB stock is up roughly 2.3% on Wednesday following the company's strong quarterly revenue showing. Shares did not move after the bell. ### More From InvestorPlace * Morgan Stanley: 7 Risky Stocks to Sell Now * 10 Stocks You Can Set and Forget (Even In This Market) * The 7 Best Stocks in the Entrepreneur Index Compare Brokers The post U.S. Bancorp Earnings: USB Stock Up on Q4 Revenue Gain appeared first on InvestorPlace.
Earnings beat or miss, there could be one key level in the financials space to determine whether a big bank breakout is ahead.
MINNEAPOLIS-- -- Record net revenue and diluted earnings per share for 4Q18 and Full Year Record net income for the Full Year U.S. Bancorp : 4Q18 and Full Year Key Financial Data Full Year Full Year PROFITABILITY METRICS 4Q18 3Q18 4Q17 2018 2017 Return on average assets 1.59 1.58 1.46 1.55 1.39 Return on average common equity 15.8 15.5 14.7 15.4 13.8 Return ...
U.S. stock futures were slightly higher on Wednesday, following a parliamentary defeat for British Prime Minister Theresa May's Brexit deal.
Investing.com - US Bancorp (NYSE:USB) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
Wells Fargo's (WFC) Q4 results reflect rise in margin and improved cost control. However, decline in loans and lower fee income were major drags.
Disappointing fixed income trading and underwriting business hurt JPMorgan's (JPM) Q4 earnings while loan growth and advisory income render some support.
U.S. Bancorp (USB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
The Zacks Analyst Blog Highlights: Disney, United Parcel, U.S. Bancorp, Constellation and Tyson
# U.S. Bancorp ### NYSE:USB View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low ## Bearish sentiment Short interest | Positive Short interest is extremely low for USB with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting USB. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $11.64 billion over the last one-month into ETFs that hold USB are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. USB credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Dismal underwriting performance and weak fixed income trading are expected to hurt Morgan Stanley's (MS) Q4 earnings while strength in advisory business and higher interest income will render support.
All five have solid gains off their Christmas lows but are also still in bear market or correction territory since setting their 2018 highs between January 2018 and July 2018. Wall Street analysts recommended bank stocks given the "text book" notion that banks always benefit from rate hikes by the Federal Reserve. My theme has been and continues to be that as the Federal Reserve unwinds its balance sheet, money is drained from the banking system, which hurts bank liquidity.
PNC Financial's (PNC) Q4 earnings might benefit from net interest income growth, partly offset by fall in fee income, majorly in asset management and corporate service segments.
KeyCorp's (KEY) Q4 earnings are expected to improve, driven by a modest rise in net interest income and fee income while expenses are not likely to be of much support.