US Bancorp (USB) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $1.603 billion, or $1.03 per share. This compares with $1.209 billion, or $0.78 per share, last year.
Excluding items, US Bancorp reported adjusted earnings of $1.603 billion or $1.03 per share for the period.
Analysts on average had expected the company to earn $0.98 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.6% to $6.958 billion from $6.715 billion last year.
US Bancorp earnings at a glance (GAAP) :
-Earnings: $1.603 Bln. vs. $1.209 Bln. last year.-EPS: $1.03 vs. $0.78 last year.-Revenue: $6.958 Bln vs. $6.715 Bln last year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.