U.S. Bancorp Shares Surge 5% on Q4 EPS beat
<p><a href='https://financialmodelingprep.com/financial-summary/USB'>U.S. Bancorp (NYSE:USB)</a> shares gained more than 5% on Wednesday after the company reported its Q4 results, with EPS of $1.20 coming in better than the Street estimate of $1.12. Revenue was $6.37 billion, worse than the Street estimate of $6.62 billion.</p>
<p>According to the analysts at RBC Capital, the consumption of the Union Bank transaction, which bolsters the company’s balance sheet with high-quality, low-cost deposits, sets the company up to deliver better earnings growth due to the expected $900 million in pre-tax cost savings and the potential to generate revenue synergies. </p>
<p>The company’s profitability remains best in class with a ROA (return on assets) of 1.45% and an ROE (return on equity) of 15.9%. The analysts maintained their 2023 EPS estimate at $5.00 but revised their 2024 EPS estimate to $5.60 from $5.85.</p>

NYSE:USB