Investing.com - US Bancorp (NYSE:USB) reported first quarter earnings that matched analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1 on revenue of $5.58B. Analysts polled by Investing.com expected EPS of $1 on revenue of $5.59B. That compared to EPS of $0.96 on revenue of $5.47B in the same period a year earlier. The company had reported EPS of $1.1 on revenue of $5.83B in the previous quarter.
For the year, US Bancorp shares are up 10.02%, under-performing the S&P 500 which is up 17.36% year to date.
US Bancorp follows other major Financial sector earnings this month
On Friday, JPMorgan reported first quarter EPS of $2.65 on revenue of $29.85B, compared to forecasts of EPS of $2.35 on revenue of $28.44B.
Bank of America earnings beat analyst's expectations on Tuesday, with first quarter EPS of $0.7 on revenue of $23B. Investing.com analysts expected EPS of $0.66 on revenue of $23.2B
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