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U.S. Bancorp Earnings, Revenue Beat in Q3 By Investing.com

by Mike Robinson

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© Reuters. U.S. Bancorp’s Earnings and Revenue beat in Q3

Investing.com – U.S. Bancorp released its third quarter report on Thursday. It beat analysts’ predictions and generated revenue that exceeded expectations.

U.S. Bancorp posted earnings per share (EPS) of $1.3 for revenue $5.89B. Investing.com polled analysts to predict EPS of $1.15 based on $5.76B in revenue.

U.S. Bancorp shares have increased 31.92% since the start of the year. However, they are still below 2.44% of their 52-week high of $63.00 on October 11. They are outperforming the S&P 500 which is up 16.18% from the start of the year.

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

U.S. Bancorp reports on Wednesday after JPMorgan beat them with earnings. JPMorgan reported EPS for revenue $30.44B at $3.74, while forecasts were for EPS to be $3.

UnitedHealth exceeded expectations Thursday, posting a fourth quarter EPS (EPS) of $4.52 on revenues of $72.34B. This compares to the forecasted EPS (4.41 on revenues of $71.3B).

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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