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U.S. Bancorp (USB) Q2 Earnings Beat on Stellar Revenues
Driven by top-line strength, U.S. Bancorp’s USB second-quarter 2019 earnings per share of $1.09 surpassed the Zacks Consensus Estimate of $1.07. Also, the reported figure is up 6.9% from the prior-year quarter.
Higher interest and fee income were the driving factors. Further, loan and deposit growth was recorded. However, escalating expenses and provisions were the undermining factors.
Net income came in at $1.82 billion compared with $1.75 billion reported in the prior-year quarter.
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https://finance.yahoo.com/news/u-bancorp...12054.html
![[Bild: USBc1dl0817.png]](https://finviz.com/publish/071819/USBc1dl0817.png)
Driven by top-line strength, U.S. Bancorp’s USB second-quarter 2019 earnings per share of $1.09 surpassed the Zacks Consensus Estimate of $1.07. Also, the reported figure is up 6.9% from the prior-year quarter.
Higher interest and fee income were the driving factors. Further, loan and deposit growth was recorded. However, escalating expenses and provisions were the undermining factors.
Net income came in at $1.82 billion compared with $1.75 billion reported in the prior-year quarter.
...
https://finance.yahoo.com/news/u-bancorp...12054.html
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