U.S. Bancorp Analysts Slash Their Forecasts After Q1 Earnings

U.S. Bancorp USB reported better-than-expected first-quarter earnings on Wednesday.The company posted earnings per share of $1.03, which beat the analyst consensus estimate of 98 cents. The parent company of U.S. Bank reported quarterly revenues of$6.95 billion. It outpaced the analyst consensus estimate of $6.91 billion.U.S. Bancorp's average total loans increased 2.1% on a year-over-year basis and 0.9% on a linked quarter basis."We managed expenses with discipline and delivered 270 basis points of positi ...