Minnesota-based banking company U.S. Bancorp's (USB) shares are up 3% on Thursday after the company reported a strong second-quarter results.
The company reported a net income of $1.9 billion or $1.28 per share against $689 million or $0.41 per share in the same quarter last year. The revenue for the company was $5.78 billion, dropped slightly from $5.83 billion in 2020. The earnings and revenue beat Street view of $1.14 per share and $5.62 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.