U.S. Bancorp Earnings, Revenue Beat in Q1
2022.04.14 14:01
U.S. Bancorp Earnings, Revenue Beat in Q1
Investing.com – U.S. Bancorp reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
U.S. Bancorp announced earnings per share of $0.99 on revenue of $5.6B. Analysts polled by Investing.com anticipated EPS of $0.9511 on revenue of $5.58B.
U.S. Bancorp shares are down 9.9% from the beginning of the year, still down 20.39% from its 52 week high of $63.57 set on January 13. They are under-performing the S&P 500 which is down 6.71% from the start of the year.
U.S. Bancorp follows other major Financial sector earnings this month
U.S. Bancorp’s report follows an earnings missed by JPMorgan on Wednesday, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.7 on revenue of $30.63B.
Industrial Commercial Bank of China had beat expectations on March 30 with first quarter EPS of $0.7567 on revenue of $34.21B, compared to forecast for EPS of $0.5946 on revenue of $32.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
