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U.S. Bancorp (USB) Q3 Earnings Top Estimates, Costs Increase
U.S. Bancorp’s USB reported third-quarter 2020 earnings per share of 99 cents, which surpassed the Zacks Consensus Estimate of 93 cents. However, the bottom line compares unfavorably with $1.15 reported in the prior-year quarter.
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Net income applicable to shareholders was $1.49 billion compared with $1.82 billion reported in the prior-year quarter.
Fee Income Increases, Costs & Provisions Rise
U.S. Bancorp’s net revenues were $5.96 billion in the third quarter, up nearly 1% year over year. An increase in non-interest income led to the upside. The top line also surpassed the Zacks Consensus Estimate of $5.74 billion.
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https://finance.yahoo.com/news/u-bancorp...12796.html
![[Bild: USBc1dl1615.png]](https://finviz.com/publish/101620/USBc1dl1615.png)
U.S. Bancorp’s USB reported third-quarter 2020 earnings per share of 99 cents, which surpassed the Zacks Consensus Estimate of 93 cents. However, the bottom line compares unfavorably with $1.15 reported in the prior-year quarter.
..
Net income applicable to shareholders was $1.49 billion compared with $1.82 billion reported in the prior-year quarter.
Fee Income Increases, Costs & Provisions Rise
U.S. Bancorp’s net revenues were $5.96 billion in the third quarter, up nearly 1% year over year. An increase in non-interest income led to the upside. The top line also surpassed the Zacks Consensus Estimate of $5.74 billion.
...
https://finance.yahoo.com/news/u-bancorp...12796.html
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