US Bancorp Stock Slips Following Q1 Revenue Decline, Guidance Cut
USBU.S. Bancorp(USB) Investopedia·2024-04-18 00:20

Key Takeaways U.S. Bancorp's stock dipped Wednesday as the regional bank posted lower first-quarter revenue, increased its provision for credit losses, and cut its guidance. Net interest income declined 14% year-over-year, while its provision for credit losses went up 30%. The U.S. Bank parent reduced its full-year net interest income outlook by at least $200 million from its previous estimate. U.S. Bancorp (USB) shares dipped Wednesday as the regional bank posted lower first-quarter revenue, increased its ...