U.S. Bancorp: Earnings Exceed Forecasts

Regional banking leader U.S. Bancorp (NYSE:USB) reported fourth-quarter 2024 earnings on Thursday, Jan. 16, that showed a modest outperformance of Wall Street consensus expectations. Earnings per share (EPS) of $1.07 beat analysts' expectations of $1.05. Revenue also slightly exceeded projections at $7.01 billion against the $7 billion forecast. The quarter was marked by strong net income growth, though the backdrop of an uncertain economic environment and regulatory changes cast some shadows. Overall, the quarterly results highlight the company's resilience with improved efficiency and net income.Source: U.S. Bancorp. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool