Sundry Photography Last week, the SP 500 index closed at a new all-time high. Also last week, I saw an article on SeekingAlpha.com about buying the dip. Well, U.S. Bancorp (NYSE:USB) represents a buy the dip idea. This article will outline why I think USB is an interesting idea based on price action, momentum, and relative strength. I will also outline a risk management strategy if you choose to buy USB. Chart 1 - USB Weekly Price Chart with Price Percentage Oscillator, Volume, and Relative Strength www.sto ...

U.S. Bancorp’s (USB) fourth-quarter 2023 adjusted earnings per share (excluding the impact of notable items) of 99 cents met the Zacks Consensus Estimate. However, the bottom line declined 17.5% from the prior-year quarter's level.Results have benefited from increased revenues supported by higher fee income. An improvement in credit quality was another positive. However, higher expenses and lower net interest income (NII) were major headwinds.Net income (GAAP basis) attributable to U.S. Bancorp was $847 mil ...

U.S. Bancorp (NYSE:USB) Q4 2023 Earnings Conference Call January 17, 2024 8:00 AM ET Company Participants George Andersen - Senior Vice President and Director of Investor Relations Andy Cecere - Chairman, President and Chief Executive Officer John Stern - Senior Executive Vice President and Chief Financial Officer Terry Dolan - Vice Chair and Chief Administration Officer Conference Call Participants Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America John Pancari - Evercore ISI John McDonald - ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

U.S. Bancorp (USB) came out with quarterly earnings of $0.99 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $1.04 per share when it actually produced earnings of $1.05, delivering a surprise of 0.96%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.U.S. Bancorp, which belongs to the Z ...

January 17, 2024 U.S. Bancorp 4Q23 Earnings Conference Call ...

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp reported its fourth quarter 2023 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information. At 7 a.m. Central Time, Chairman, President and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The conference call will be available online or by te ...

U.S. Bancorp (USB) is scheduled to report fourth-quarter and 2023 results on Jan 17, before the opening bell. The company’s quarterly revenues are expected to have improved year over year, while earnings are projected to have declined.In the last reported quarter, USB’s earnings surpassed the Zacks Consensus Estimate on higher expenses. Results benefited from increased net interest income (NII), supported by higher interest rates. A rise in non-interest income was another positive. However, higher expenses ...

Wall Street analysts expect U.S. Bancorp (USB) to post quarterly earnings of $0.99 per share in its upcoming report, which indicates a year-over-year decline of 17.5%. Revenues are expected to be $6.82 billion, up 7.7% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timefram ...

Sundry PhotographyU.S. Bancorp (NYSE:USB) offers an interesting dividend yield that seems to be sustainable over the long term, being supported by the bank’s strong fundamentals and conservative dividend payout ratio. As I stated back in 2021, U.S. Bancorp is a quality company within the banking sector and offers good income perspectives for long-term investors, due to a sustainable dividend over the long term. However, its share price performance has been mixed since then, as the benefit of higher inte ...