U.S. Bancorp's (USB) Q1 Earnings Beat Estimates, Provisions Rise

U.S. Bancorp’s (USB) first-quarter 2024 adjusted earnings per share (excluding the impact of notable items) of 90 cents beat the Zacks Consensus Estimate by a penny. However, the bottom line declined 22.4% from the prior-year quarter's level.Shares of USB have declined 3.90% in the pre-market trading despite better-than-anticipated earnings. A full day’s trading will depict a better picture.Results have benefited from higher fee income. Moreover, lower expenses during the quarter were commendable. However, ...