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Barchart
Barchart
Kritika Sarmah

Earnings Preview: What to Expect From U.S. Bancorp’s Report

USB US Bancorp US Bank

Valued at a market cap of $76.9 billion, U.S. Bancorp (USB) is one of the largest U.S. regional banks, operating through its subsidiary U.S. Bank. With roots dating back to 1863, the bank offers a wide range of services spanning consumer and business banking, wealth and institutional services, corporate lending, and payment processing. 

The Minneapolis, Minnesota-based bank is expected to announce its fiscal Q3 earnings before the market opens on Thursday, Oct. 16. Before this event, analysts project this financial services company to report a profit of $1.11 per share, up 7.7% from $1.03 per share in the year-ago quarter. The company has surpassed Wall Street’s bottom-line estimates in each of the last four quarters. 

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