U.S. Bancorp 2Q profit rises 1.6 percent

U.S. Bancorp second-quarter profit rises 1.6 percent to $1.43 billion, beats estimate

RELATED QUOTES

SymbolPriceChange
USB42.56-0.18

MINNEAPOLIS (AP) -- U.S. Bancorp (USB) on Wednesday reported earnings that rose by 1.6 percent in its second quarter, and beat analysts' expectations.

The Minneapolis-based bank reported net income after dividends on preferred stock of $1.43 billion, or 78 cents per share, compared with $1.41 billion, or 76 cents per share, in the same quarter a year ago. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The bank said revenue climbed 4.9 percent to $5.19 billion from $4.95 billion in the same quarter a year ago, beating Wall Street forecasts. Analysts expected $4.93 billion, according to Zacks.

U.S. Bancorp's shares have risen $2.90, or 7.2 percent, to $43.30 since the beginning of the year, while the Standard & Poor's 500 index has climbed 6.8 percent. The stock has increased $6.03, or 16 percent, in the last 12 months.

--

Did you know that you can get stories like this on the Yahoo mail app?
Download it here.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3286+0.0014+0.10%
    USDSGD=X
    1.4452+0.0006+0.04%
    EURSGD=X
    2.0250+0.0037+0.18%
    GBPSGD=X
    89.6267-0.1006-0.11%
    SGDJPY=X
    5.8331-0.0062-0.11%
    SGDHKD=X
    2.6727+0.002+0.08%
    SGDMYR=X
    9,788.0947+31.4287+0.32%
    SGDIDR=X
    4.6728-0.0129-0.28%
    SGDCNY=X
    1.0464+0.0044+0.42%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,199.70-3.50-0.29%
    GCM15.CMX
    16.31-0.08-0.51%
    SIK15.CMX
    71.68+1.72+2.46%
    ^XAU
    2.75-0.02-0.79%
    HGK15.CMX
    56.32-0.67-1.18%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.34+0.02
    ^FVX
    1.92+0.01
    ^TNX
    2.61-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.290.00-1.69%
    5WA.SI
    0.630.000.00%
    F83.SI
    0.850.000.00%
    N21.SI
    0.42-0.01-1.18%
    E5H.SI
    0.225-0.005-2.17%
    5GB.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.159+0.046+40.71%
    5IF.SI
    0.126+0.016+14.55%
    5UA.SI
    0.24+0.02+9.09%
    5CF.SI
    0.33+0.03+8.20%
    G10.SI
    3.50+0.20+6.06%
    S91.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.188-0.052-21.67%
    5OF.SI
    0.44-0.03-7.37%
    CH8.SI
    0.31-0.02-6.06%
    T18.SI
    0.33-0.02-5.71%
    N4E.SI
    0.335-0.020-5.63%
    593.SI