US Bancorp (USB)

Index:

S&P 100

$ 38.83
   
  • Change Today:
    $-0.43
  • 52 Week High: $45.33
  • 52 Week Low: $30.64
  • Currency: US Dollars
  • Shares Issued: 2,125.73m
  • Volume: 5,121,887
  • Market Cap: $82,542m
  • RiskGrade: 160

Bancorp shares rise after solid second quarter results

By Conor Coyle

Date: Friday 15 Jul 2016

LONDON (ShareCast) - (ShareCast News) - U.S Bancorp reported a 2.7% increase in net income for the second quarter, driven by 8.1% growth in the top line.
The company posted net income of $1.52bn for the second quarter, compared to $1.42bn in the corresponding time last year. Its earnings per share grew 3.8% to $0.83 per share from $0.80 a share in the same period last year.

Revenue rose 8.1% to $5.45bn, beating analysts' expectations of $5.19bn.

US Bancorp Chairman and CEO, Richard Davis, spoke regarding the results saying, "U.S. Bancorp reported strong second quarter results, delivering record revenue and net income in an economy that continues to be challenged by global concerns and low interest rates."

"Despite these economic headwinds we continued to effectively execute on our strategy to be the most trusted choice and to unify the customer experience. The second quarter was a record quarter for us as we once again delivered industry-leading returns, steady loan growth and strength in our fee-based businesses."

Shares in Bancorp rose 1.24% to $41.76 at 1606 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

US Bancorp Market Data

Currency US Dollars
Share Price $ 38.83
Change Today $ -0.43
% Change -1.10 %
52 Week High $45.33
52 Week Low $30.64
Volume 5,121,887
Shares Issued 2,125.73m
Market Cap $82,542m
RiskGrade 160

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 14
Sell 0
Strong Sell 0
Total 24
buy
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Trades for 14-Jun-2024

Time Volume / Share Price
16:00 1,037,669 @ $38.83
16:00 100 @ $38.84
15:59 100 @ $38.85
15:59 245 @ $38.84
15:59 100 @ $38.84

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