U.S. Bancorp (USB) faced various fluctuations in the stock market. The company's financial performance reflects a mixed stance with its stocks being sold by
Sumitomo Mitsui Trust Holdings Inc and
Miracle Mile Advisors LLC. It experienced a downtrend falling 3.6% post its last earnings report. Despite these, the firm's stock outperformed competitors on a specific trading day with trading bullish before earnings according to a technical analysis. Its Q2 earnings and revenues crossed estimates, impressing the investment market.
Director Aleem Gillani added 10,000 shares of USB, playing a part in raising its stake. However, First
PREMIER Bank and
Brookstone Capital Management reduced their stake in USB, with the latter having 80% institutional ownership, making USB a favourite among major investors. In terms of institutional backing, USB boasts 79% ownership. Contrastingly, Q1 reports indicated a decline in revenue and profit, and it also cut its 2024 interest income forecast. Despite these challenges,
USB beats Q1 and Q2 earnings estimates, reporting an increase in deposits and lending.
US Bancorp USB News Analytics from Fri, 29 Dec 2023 08:00:00 GMT to Sun, 18 Aug 2024 15:50:08 GMT -
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