U.S. Bancorp slips after providing no outlook

US Bancorp

16/04/2026 15:54

Corrects headline and second bullet to remove reference to no outlook provided by the company

** Shares of lender U.S. Bancorp USB.N down 1.8% at $55.34

** Co reports profit of $1.95 bln, or $1.18 per share, in the three months ended March 31, compared with $1.72 bln, or $1.03 per share, a year earlier

** Co posts Q1 rev of $7.29 bln, above analyst est. of $7.28 bln - data compiled by LSEG

** Co says higher profit is driven by higher net interest income due to loan growth, improved asset mix and fixed asset repricing

** 14 out of 25 analysts rate stock "buy" or higher, 10 rate it "hold", one "sell"; median PT at $61 - data compiled by LSEG

** Including session moves, USB stock up 3.7% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))