UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Title of each classTrading symbolsName of each exchange on which registered Common Stock, $.01 par value per share USB New York Stock Exchange Depositary Shares (each representing 1/100th interest in a share of Series A Non-Cumulative Perpetual Preferred Stock, par value $1.00) USB PrA New York Stock Exchange Depositary Shares (each repre ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

U.S. Bancorp (USB) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since ...

Shares of U.S. Bancorp  (USB) rose 4.7% as third-quarter 2024 earnings per share of $1.03 surpassed the Zacks Consensus Estimate of $1. Results benefited from lower non-interest expenses.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.U.S. Bancorp Price, Consensus and EPS Surprise Decrease in Non-Interest Expenses Aids USB’s ResultsU.S. Bancorp’s non-interest expenses declined 7.2% year over year to $4.20 billion in the third quarter of 2024. The fall was due to lower other n ...

U.S. Bancorp (NYSE:USB) Q3 2024 Earnings Call Transcript October 16, 2024 8:00 AM ET Company Participants George Andersen - SVP and Director of IR Andy Cecere - Chairman and CEO John Stern - CFO Gunjan Kedia - President Conference Call Participants Scott Siefers - Piper Sandler John Pancari - Evercore ISI Betsy Graseck - Morgan Stanley Erika Najarian - UBS Mike Mayo - Wells Fargo Securities Gerard Cassidy - RBC Capital Markets Vivek Juneja - JPMorgan Ebrahim Poonawala - Bank of America Matt O'Connor - Deuts ...

For the quarter ended September 2024, U.S. Bancorp (USB) reported revenue of $6.83 billion, down 2.4% over the same period last year. EPS came in at $1.03, compared to $1.05 in the year-ago quarter.The reported revenue represents a surprise of -0.68% over the Zacks Consensus Estimate of $6.88 billion. With the consensus EPS estimate being $1.00, the EPS surprise was +3.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

U.S. Bank | Confidential 1 October 16, 2024 U.S. Bancorp 3Q24 Earnings Conference Call Forward-looking Statements and Additional Information The following information appears in accordance with the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements about U.S. Bancorp. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements and are based on the information available to, and as ...

Core Viewpoint - U.S. Bancorp reported quarterly earnings of $1.03 per share, exceeding the Zacks Consensus Estimate of $1 per share, but down from $1.05 per share a year ago, indicating a slight decline in year-over-year performance [1] Financial Performance - The company achieved revenues of $6.83 billion for the quarter ended September 2024, which was 0.68% below the Zacks Consensus Estimate and down from $7 billion in the same quarter last year [1] - U.S. Bancorp has surpassed consensus EPS estimates three times over the last four quarters, while it has only topped revenue estimates once in the same period [1] Stock Performance - U.S. Bancorp shares have increased by approximately 8.6% since the beginning of the year, in contrast to the S&P 500's gain of 21.9% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.02 on revenues of $6.94 billion, and for the current fiscal year, it is $3.86 on revenues of $27.34 billion [4] - The estimate revisions trend for U.S. Bancorp is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [4] Industry Context - The Banks - Major Regional industry, to which U.S. Bancorp belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - Truist Financial Corporation, another company in the same industry, is expected to report quarterly earnings of $0.89 per share, reflecting a year-over-year increase of 6% [5]

Supplemental Consolidated Schedules Third Quarter 2024 | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------|----------------------------------|---------------|----------------|-------------------|---------------------| | QUARTERLY CONSOLIDATED STATEMENT \n(Dollars and Shares in Millions, Except Per Share Data) (Unaudited) | OF INCOME \nSeptember 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | Sep ...

Wall Street analysts forecast that U.S. Bancorp (USB) will report quarterly earnings of $1 per share in its upcoming release, pointing to a year-over-year decline of 4.8%. It is anticipated that revenues will amount to $6.88 billion, exhibiting a decline of 1.7% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ...