© Reuters. U.S. Bancorp Earnings, Revenue Miss in Q4
Investing.com – U.S. Bancorp reported on Wednesday fourth quarter that missed analysts’ forecasts and revenue that fell short of expectations.
U.S. Bancorp announced earnings per share of $1.07 on revenue of $5.68B. Analysts polled by Investing.com anticipated EPS of $1.1 on revenue of $5.74B.
U.S. Bancorp shares are up 3% from the beginning of the year, still down 2.17% from its 52 week high of $63.57 set on January 13. They are outperforming the S&P 500 which is down 3.96% from the start of the year.
U.S. Bancorp follows other major Financial sector earnings this month
U.S. Bancorp’s report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on Wednesday with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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