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U.S. Bancorp Q4 Earnings Meet Profit Expectations But Miss on Revenue

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U.S. Bancorp Q4 Earnings Meet Profit Expectations But Miss on Revenue

The $553 billion asset U.S. Bancorp (NYSE: USB) delivered earnings in the fourth quarter of 2020 that met analysts' profit estimates, but missed on revenue expectations.

The bank reported net income of $1.5 billion in the quarter, or $0.95 diluted earnings per common share, which is up from the fourth quarter of 2019 and essentially almost exactly what analysts were projecting.

Source Fool.com

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