U.S. Bancorp's (USB) Q2 Earnings Beat on Lower Expenses
USBU.S. Bancorp(USB) ZACKS·2024-07-18 00:30

U.S. Bancorp’s (USB) second-quarter 2024 adjusted earnings per share (excluding the impact of notable items) of 98 cents beat the Zacks Consensus Estimate by 2%. However, the bottom line declined 12.5% from the prior-year quarter's level.Shares of USB have increased around 4.1% in the early market trading session on better-than-anticipated earnings. A full day’s trading will depict a better picture.Results have benefited from higher deposits and lower expenses. However, a decline in net interest income (NII ...