NYSE - Nasdaq Real Time Price ? USD U.S. Bancorp (USB-PQ) Follow Compare 18.40 -0.09 (-0.49%) At close: 4:00 PM EDT 18.40 -0.05 (-0.24%) After hours: 4:01 PM EDT All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations U.S. Bancorp price target raised to $59 from $57 at Oppenheimer Oppenheimer raised the firm’s price target on U.S. Bancorp to $59 from $57 and keeps an Outperform rating on the shares. While USB has long steadily ground out some of the industry’s best returns, the trends in net interest income and operating leverage have been adverse over the past five quarters, the firm notes. NII declined for four straight quarters between Q1 2023 and Q1 2024, down a total of 14% before turning a 0.9% quarter-over-quarter gain in Q2 2024. This was followed by a 1.7% quarte TipRanks ? 9 hours ago USB USB-PR -0.66% Stock Market News for Oct 17, 2024 U.S. stock markets closed higher on Wednesday buoyed by strong third-quarter 2024 earnings results. Zacks ? yesterday ^GSPC ^VIX COMP USB Stock Up 4.7% as Q3 Earnings Beat on Lower Non-Interest Expenses A decline in non-interest expenses supports U.S. Bancorp's third-quarter 2024 earnings amid lower NII and non-interest income, and poor credit quality. Zacks ? yesterday USB U.S. Bank and PGA Pro Collin Morikawa Expand Access for Youth Golfers NORTHAMPTON, MA / ACCESSWIRE / October 17, 2024 / U.S. Bank: Through the Birdie Challenge, the golf pro and U.S. Bank are providing more than 1,600 memberships to nonprofit Youth on Course Originally published on U.S. Bank company blog Golf is a tough ... ACCESSWIRE ? yesterday USB USB-PR -0.66% US Bancorp Reports Strong Q3 and Strategic Moves An update from US Bancorp ( (USB) ) is now available. U.S. Bancorp reported a strong third quarter with a net income of $1,714 million, reflecting a robust return on tangible common equity of 17.9%. The company saw a rise in net interest income driven by favorable loan mixes and disciplined liability management, while noninterest income increased across various sectors such as commercial products and mortgage banking. As U.S. Bancorp strengthens its capital position, it plans to resume share buy TipRanks ? yesterday USB USB-PR -0.66% U.S. Bancorp (USB) Q3 2024 Earnings Call Highlights: Strong Profitability Amidst Deposit and ... U.S. Bancorp (USB) showcases robust net interest income growth and improved efficiency, despite facing headwinds in deposit and loan growth. GuruFocus.com ? yesterday USB Q3 2024 US Bancorp Earnings Call Q3 2024 US Bancorp Earnings Call Thomson Reuters StreetEvents ? yesterday USB Investment banking activity rises, bitcoin rallies: Catalysts On today's episode of Catalysts, Hosts Seana Smith and Brad Smith break down some of the biggest stories of the trading day. Major US banks have all reported their earnings. Morgan Stanley (MS) closed out the group, topping analysts' expectations and delivering a big boost in investment banking revenue. American Banker editor-in-chief Chana Schoenberger explains that her biggest takeaway from bank earnings is that "investment banking is up and trading is up." She attributes this trend to two factors: the markets being up and an increase in dealmaking. She notes that M&A (mergers and acquisitions) activity has increased this year and will continue its momentum as interest rates fall. Regional banks Citizens Financial Group (CFG) and US Bancorp (USB) have posted their third quarter results. Citizens Bank posted revenue that fell just short of Wall Street's expectations of lower net interest income. On the other hand, US Bancorp's net interest income topped estimates, as it benefited from higher borrowing costs. Major indexes (^DJI, ^IXIC, ^GSPC) are rallying amid third quarter earnings season. However, questions remain about the sustainability of these gains in the current bull market, which is entering its third year. IG North America CEO J.J. Kinahan expresses optimism about the market's broad-based rally, viewing it as a positive indicator. "We're at a wall of worry. Nobody believes in the rally," he says, suggesting this skepticism could fuel further gains. However, he highlights some sector-specific concerns, particularly in semiconductor stocks. Kinahan points to Intel (INTC) as "an outlier" among semiconductor names, noting the stock's difficulty maintaining momentum. Bitcoin (BTC-USD) prices have climbed above $67,000 on Wednesday — its highest since July. The jump was influenced by Vice President Kamala Harris's newly announced proposals to establish a clearer regulatory framework for digital assets. The cryptocurrency's upward momentum has triggered a broader rally across crypto-related stocks, including Coinbase (COIN), MicroStrategy (MSTR), Riot Platforms (RIOT), and CleanSpark (CLSK). The US government is reportedly considering capping chip sales to certain countries. The move would affect chipmakers like Nvidia (NVDA) and Advanced Micro Devices (AMD). Macrolens chief strategist and managing principal Brian McCarthy tells Yahoo Finance, "It's unclear whether yesterday's news suggesting there could be tightened restrictions on the UAE and Saudi Arabia is or isn't related to those countries possibly funneling chips to China because it's very hard to sort of bottle up China's access to these chips through third parties." He explains that despite the US limiting chip exports to China due to national security risks, widespread smuggling of the tech persists. This post was written by Melanie Riehl Yahoo Finance Video ? 2 days ago CFG CFG-PE COIN U.S. Bancorp Q3 Earnings Surpass Estimates on Lower Expenses USB's third-quarter 2024 earnings benefit from a decline in expenses. Lower NII and weakening asset quality act as spoilsports. Zacks ? 2 days ago USB U.S. Bancorp Delivers Strong Q3 2024 Results with 12.5% Net Income Growth Net Interest Income and Disciplined Expense Management Propel Earnings; Capital Ratios Strengthen GuruFocus.com ? 2 days ago USB Citizens Financial, US Bancorp report third quarter earnings Regional banks Citizens Financial Group (CFG) and US Bancorp (USB) have posted their third quarter results. Citizens Bank posted revenue that fell just short of Wall Street's expectations of lower net interest income. On the other hand, US Bancorp's net interest income topped estimates, as it benefited from higher borrowing costs. Catalysts Hosts Seana Smith and Brad Smith dig into each bank's earnings and break down how results are weighing on their stocks. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Melanie Riehl Yahoo Finance Video ? 2 days ago USB USB-PR -0.66% CFG US Bancorp Stock Surges as Profit Tops Expectations Shares of U.S. Bancorp rose Wednesday as its third-quarter profit exceeded analysts' estimates. Investopedia ? 2 days ago USB U.S. Bancorp (USB) Reports Q3 Earnings: What Key Metrics Have to Say While the top- and bottom-line numbers for U.S. Bancorp (USB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. Zacks ? 2 days ago USB US Bancorp Third-Quarter Earnings Beat Estimates as Expenses Decline US Bancorp Third-Quarter Earnings Beat Estimates as Expenses Decline PREMIUM MT Newswires ? 2 days ago USB U.S. Bancorp third-quarter profit beats estimates on interest income boost The U.S. Federal Reserve kept interest rates at their highest levels in two decades until September, which helped banks rake in more money on loans given to customers. U.S. Bancorp's net interest income, the difference between what banks pay customers on deposits and earn as interest on loans, was $4.14 billion for the quarter ending Sept. 30, above analysts' expectation of $4.04 billion, according to estimates compiled by LSEG. However, its interest income fell 2.4% from last year. Reuters ? 2 days ago USB U.S. Bancorp Q3 Earnings: EPS Beat, Revenue Miss, Rising Credit Loss Provisions & More U.S. Bancorp (NYSE:USB) shares are trading higher on Wednesday. The company reported third-quarter adjusted earnings per share of $1.03, beating the analyst consensus estimate of 99 cents. Quarterly revenues of $6.864 billion missed the analyst consensus estimate of $6.895 billion. The third quarter included $119 million of net losses on investment securities sales ($89 million net-of-tax), which was largely offset by lower income tax expenses, which reflected certain tax settlements. “Our expen Benzinga ? 2 days ago USB U.S. Bancorp (USB) Q3 Earnings Beat Estimates U.S. Bancorp (USB) delivered earnings and revenue surprises of 3% and 0.68%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock? Zacks ? 2 days ago USB U.S. Bancorp Lending Income Beat Estimates in Third Quarter (Bloomberg) -- U.S. Bancorp raked in net interest income that topped analyst estimates as fixed-rate assets in its portfolio benefited from higher borrowing costs. Most Read from BloombergInside the ‘Utopias’ of Mexico CityHow Mexico City Averted All-Out DroughtOne City’s Plan to Re-Link a Neighborhood That Robert Moses DividedDubai’s Allure to Expats Is Weighing on City’s InfrastructureMexico Seeks to Halve Permitting Time to Attract More FactoriesThe Minneapolis-based bank reported $4.14 billi Bloomberg ? 2 days ago USB PNC U.S. Bancorp Reports Third Quarter 2024 Results MINNEAPOLIS, October 16, 2024--U.S. Bancorp Reports Third Quarter 2024 Results Business Wire ? 2 days ago USB USB-PR -0.66% Bank of America (BAC) Q3 Earnings and Revenues Top Estimates Bank of America (BAC) delivered earnings and revenue surprises of 3.85% and 0.22%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock? Zacks ? 3 days ago BAC USB Performance Overview Trailing total returns as of 10/18/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return USB-PQ S&P 500 YTD +15.52% +22.95% 1-Year +41.30% +34.10% 3-Year -11.56% +31.16%
