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US Bancorp Earnings, Revenue beat In Q2

Published 2019/07/17, 12:50
© Reuters.
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Investing.com - US Bancorp (NYSE:USB) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.

The firm reported earnings per share of $1.09 on revenue of $5.82B. Analysts polled by Investing.com expected EPS of $1.07 on revenue of $5.73B. That compared to EPS of $1.02 on revenue of $5.64B in the same period a year earlier. The company had reported EPS of $1 on revenue of $5.58B in the previous quarter.

For the year, US Bancorp shares are up 18.65%, under-performing the S&P 500 which is up 21.28% year to date.

US Bancorp follows other major Financial sector earnings this month


On Tuesday, JPMorgan reported second quarter EPS of $2.82 on revenue of $29.57B, compared to forecasts of EPS of $2.51 on revenue of $28.84B.

Bank of America earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.74 on revenue of $23.08B. Investing.com analysts expected EPS of $0.71 on revenue of $23.12B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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