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U.S. Bancorp Earnings, Revenue Miss in Q4 -Breaking

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© Reuters. U.S. Bancorp Revenue and Earnings Miss Q4

Investing.com – U.S. Bancorp announced Wednesday that the fourth quarter was disappointingly short of analysts’ expectations and that revenue fell below forecasts.

U.S. Bancorp posted earnings per share (EPS) of $1.07 on revenues of $5.68B. Investing.com polled analysts and predicted EPS at $1.1 for revenue $5.74B.

U.S. Bancorp shares have increased 3% since the start of the year but are still below its 52-week high of $63.57 on January 13. They are outperforming the S&P 500 which is down 3.96% from the start of the year.

U.S. Bancorp is following other financial sector earnings this month

U.S. Bancorp reports on JPMorgan’s Friday earnings beat. JPMorgan reported EPS for $29.26B in revenue, while U.S. Bancorp forecasts an EPS of 3.01 on $29.78B revenue.

Bank of America exceeded expectations with Thursday’s fourth quarter EPS of $0.82 based on revenue of $25.06B. That compares with forecast for $0.7652 based on revenue of $22.18B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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