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Despite reporting a drop in revenues, shares of U.S. Bancorp surged 4.7% after the release of its third-quarter earnings on Oct. 16. The company reported a 2.4% year-over-year drop in total net revenues to $6.9 billion, driven by the drop in both interest and non-interest income
+4.93% closed: 2024-10-22
U.S. Bancorp (USB) shares jumped Wednesday as its profit got a boost from higher-than-anticipated net interest income. Net interest income (NII) of $4.17 billion was down 2.4% from 2023, but up 2.8% from the second quarter. It also exceeded expectations
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+9.56% closed: 2024-11-08Despite reporting a drop in revenues, shares of U.S. Bancorp surged 4.7% after the release of its third-quarter earnings on Oct. 16. The company reported a 2.4% year-over-year drop in total net revenues to $6.9 billion, driven by the drop in both interest and non-interest income
+4.93% closed: 2024-10-22
U.S. Bancorp (USB) shares jumped Wednesday as its profit got a boost from higher-than-anticipated net interest income. Net interest income (NII) of $4.17 billion was down 2.4% from 2023, but up 2.8% from the second quarter. It also exceeded expectations
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