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Barchart

Rashmi Kumari

What You Need to Know Ahead of U.S. Bancorp's Earnings Release

Valued at a market cap of $71.36 billion, U.S. Bancorp (USB) is a financial services holding company that provides various banking and investment services to individuals, businesses, governmental entities, and other financial institutions. The Minneapolis, Minnesota-based company is expected to announce its fiscal Q3 earnings results before the market opens on Wednesday, Oct.16.

Ahead of this event, analysts expect the bank to report a profit of $1 per share, down 4.8% from $1.05 per share in the year-ago quarter. The company has beaten or matched Wall Street's bottom-line estimates in the past four quarters.

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