Investing.com - US Bancorp (NYSE:USB) reported third quarter earnings that beat analyst's expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.06 on revenue of $5.7B. Analysts polled by Investing.com anticipated EPS of $1.04 on revenue of $5.69B. That compared to EPS of $0.88 on revenue of $6.14B in the same period a year earlier The company had reported EPS of $1.02 on revenue of $5.64B in the previous quarter.
For the year, US Bancorp shares are down 5.7%, under-performing the S&P 500 which is up 4.7% year to date.
US Bancorp follows other major Financial sector earnings this month
On Friday, JPMorgan (NYSE:JPM) reported third quarter EPS of $2.34 on revenue of $27.82B, compared to forecasts of EPS of $2.26 on revenue of $27.44B.
Bank of America (NYSE:BAC) earnings beat analyst's expectations on Monday, with third quarter EPS of $0.66 on revenue of $22.78B. Investing.com analysts expected EPS of $0.62 on revenue of $22.62B
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