Categories AlphaGraphs, Earnings, Finance
U.S. Bancorp (USB) stock gains after Q2 earnings beat Street view
U.S. Bancorp (NYSE: USB) reported a decline in second-quarter earnings on flat revenues. The stronger-than-expected performance boosted investor sentiment and the bank’s stock gained during Wednesday’s premarket session.
Net income more than halved to $689 million or $0.41 per share from $1.82 billion or $1.09 per share in the second quarter of 2019. There was a 3% decline in net interest income to $3.22 billion, while revenues remained broadly unchanged at $5.84 billion, year-over-year. However, the results came in above analysts’ forecast.
U.S. Bancorp’s shares closed the last trading session at $36.29, down 1.5%. They made strong gains early Wednesday following the earnings report. The stock is down 39% since the beginning of the year and 34% in the past twelve months.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive Company’s Q4 2022 financial results
Colgate-Palmolive Company (NYSE: CL) reported fourth quarter 2022 earnings results today. Net sales increased 5% year-over-year to $4.62 billion. Organic sales growth was 8.5%. Net income attributable to Colgate-Palmolive Company was
Key highlights from Chevron Corporation’s (CVX) Q4 2022 earnings results
Chevron Corporation (NYSE: CVX) reported fourth quarter 2022 earnings results today. Total revenues and other income were $56.4 billion compared to $48.1 billion in the year-ago period. Net income attributable
AXP Earnings: All you need to know about American Express’ Q4 2022 earnings results
American Express Company (NYSE: AXP) reported fourth quarter 2022 earnings results. Consolidated total revenues net of interest expense were $14.2 billion, up 17% from a year ago. Net income was
