US Bancorp ( (USB) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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U.S. Bancorp’s stock took a hit after the Q4 2024 earnings report, even though the adjusted earnings per share (EPS) of $1.07 exceeded Wall Street’s predictions of $1.05 and showed an 8.1% increase from the previous year. The decline was primarily due to the diluted EPS of $1.01 not meeting expectations, which seemed to overshadow the positive earnings news. Additionally, concerns arose over the net interest margin dropping to 2.71% from last year’s 2.78%. Despite the initial negative reaction, the company remains optimistic about future growth, citing stable credit quality and growth in commercial products and investment management fees. CEO Andy Cecere reaffirmed confidence in their strategy for delivering strong returns and positive leverage.
More about US Bancorp
YTD Price Performance: 6.35%
Average Trading Volume: 7,612,909
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $76.54B
For further insights into USB stock on TipRanks’ Stock Analysis page.
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