U.S. Bancorp (NYSE:USB) is set to announce third quarter earning results on Wednesday 14th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, USB to report 3Q20 income of $ 0.91 per share.
For the full year, analysts anticipate top line of $ 22891.00 million, while looking forward to income of $ 2.79 per share bottom line.
Previous Quarter Performance
U.S. Bancorp disclosed income for the second quarter of $ 0.41 per share, from the revenue of $ 5,814.00 million. The quarterly earnings declined 62.39 percent while revenues dropped 0.14 percent compared with the same quarter last year.
According to street consensus, USB was expected to report 2Q20 income of $ 0.22 per share from revenue of $ 5538.47 million. The bottom line results beat street analysts by $ 0.19 or 86.36 percent, at the same time, top line results outshined analysts by $ 275.53 million or 4.97 percent.
Stock Performance
Shares of U.S. Bancorp traded low $ -1.33 or -3.35 percent on Tuesday, reaching $ 38.42 with volume of 6.23 million shares. U.S. Bancorp has traded high as $ 39.69 and has cracked $ 38.32 on the downward trend
According to the previous trading day, closing price of $ 38.42, representing a 40.16 % increase from the 52 week low of $ 28.36 and a 34.95 % decrease over the 52 week high of $ 61.11.
The company has a market capital of $ 57.87 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
U.S. Bancorp will be hosting a conference call at 9:00 AM eastern time on 14th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.usbank.com
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
