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U.S. Bancorp Q2 Profit Declines, But Adj. EPS Meets Estimates

RTTNews | 320 dagar sedan

U.S. Bancorp Q2 Profit Declines, But Adj. EPS Meets Estimates

(RTTNews) - U.S. Bancorp (USB) reported Wednesday that net income attributable to U.S. Bancorp for the second quarter declined to $1.36 billion or $0.84 per share from $1.53 billion or $0.99 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $1.79 billion or $1.12 per share, compared to $1.68 billion or $1.09 per share in the year-ago quarter.

Total net revenue for the quarter increased 19.3 percent to $7.18 billion, including $4.45 billion of net interest income and $2.73 billion of noninterest income, from $6.01 billion, including $3.46 billion of net interest income and $2.55 billion of noninterest income, in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.12 per share on revenue of $7.15 billion for the quarter. Analysts' estimates typically exclude certain special items.

Provision for credit losses for the quarter was $821 million, up from $311 last year.

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U.S. Bancorp Q1 Results Top Estimates

U.S. Bancorp Q1 Results Top Estimates

U.S. Bancorp (USB) reported Wednesday that net income attributable to U.S. Bancorp for the first quarter declined to $1.32 billion or $0.78 per share from $1.70 billion or $1.04 per share in the prior-year quarter.

RTTNews | 47 dagar sedan

U.S. Bancorp, Mitsubishi UFJ Financial Agree To Extend Purchase Agreement

U.S. Bancorp, Mitsubishi UFJ Financial Agree To Extend Purchase Agreement

U.S. Bancorp (USB) and Mitsubishi UFJ Financial Group or MUFG (MTU) on Friday have mutually agreed to exercise their right under the purchase agreement for U.S. Bank's acquisition of MUFG Union Bank's core regional banking franchise to extend the outside termination date to December 31, 2022 from September 30, 2022.

RTTNews | 626 dagar sedan

Honeywell Closes Acquisition Of Carrier's Global Access Solutions Unit; Boosts FY24 Profit Outlook

Honeywell Closes Acquisition Of Carrier's Global Access Solutions Unit; Boosts FY24 Profit Outlook

Honeywell International Inc. (HON) announced Monday the completion of its acquisition of Carrier Global Corp.'s (CARR) Global Access Solutions business for $4.95 billion.

RTTNews | 4h 12minuter sedan

Sensex, Nifty Surge Over 3% To Record Highs After Exit Poll Results

Sensex, Nifty Surge Over 3% To Record Highs After Exit Poll Results

Indian shares hit new record highs on Monday, with buying seen across the board after many exit polls predicted a clean sweep for the BJP-led NDA in the Lok Sabha Elections 2024.

RTTNews | 5h 10minuter sedan

European Shares Climb As Manufacturing Downturn Eases In May

European Shares Climb As Manufacturing Downturn Eases In May

European stocks traded higher on Monday amid bets that the European Central Bank (ECB) will deliver its first interest-rate cut of the cycle on Thursday.

RTTNews | 6h 13minuter sedan

FTSE 100 Modestly Higher As Factories Return To Growth

FTSE 100 Modestly Higher As Factories Return To Growth

U.K. stocks eked out modest gains on Monday after a survey by S&P Global showed manufacturing in the U.K. increased to 51.2 in May, up from April's 49.1 and marking the highest reading since July 2022.

RTTNews | 6h 27minuter sedan

CAC 40 Gains With Focus On Upcoming ECB Meeting

CAC 40 Gains With Focus On Upcoming ECB Meeting

French stocks traded higher on Monday as a survey showed France's manufacturing PMI improved to 46.40 in May from 45.30 in April.

RTTNews | 6h 37minuter sedan

DAX Climbs After PMI Data

DAX Climbs After PMI Data

German stocks advanced on Monday after a survey showed business conditions in the German manufacturing sector steadied further in May.

RTTNews | 6h 49minuter sedan

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