US Bancorp Aktie News

U.S. Bancorp said in its latest earnings report that consumers are continuing to boost their credit card loans – and though charge-offs have increased, credit quality has remained strong. Credit card loans in the quarter were $28 billion, adding more than 9% year over year, the parent company of U.S. Bank said Wednesday (April 17).

U.S. Bancorp is forecasting a decline in net interest income for this year.  In announcing its earnings Wednesday (April 17), the lender said it anticipates net interest income (NII) of $16.1 billion to $16.4 billion, down from earlier projection of at least $16.6 billion for the year.

U.S. Bancorp (USB) shares dipped Wednesday as the regional bank posted lower first-quarter revenue, increased its provision for credit losses, and cut its guidance.

U.S. Bancorp (NYSE:USB ) Q1 2024 Earnings Conference Call April 17, 2024 8:00 AM ET Company Participants George Andersen - Senior Vice President and Director of Investor Relations Andrew Cecere - Chairman, President and Chief Executive Officer John Stern - Senior Executive Vice President and Chief Financial Officer Terry Dolan - Vice Chair and Chief Administration Officer Conference Call Partic...

On April 17th, U.S. Bancorp reported its Q1 2024 financial results, before US markets opened this morning. The results exceeded analysts' expectations, but were still generally lackluster as compared with 2023.

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Reports First Quarter 2024 Results.

Last year, the Federal Reserve and other regulators proposed changes to bank capital ratios. Banks and consumer advocacy groups have opposed the proposed changes.

In March, I discussed three reasons why most investors should never buy bank stocks. Banks' balance sheets and income statements need to be simpler for most do-it-yourself investors to understand.