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From April to June, the bank recorded a net income of $1.82 billion, equivalent to $1.11 per share, compared to $1.6 billion, or $0.97 per share, in the same period last year.
Adjusted profit rose to $1.11 from $0.98 per share, surpassing the average estimate of $1.07 by analysts polled by FactSet.
U.S. Bancorp's revenue in the previous quarter reached $7 billion, up from $6.87 billion the same time last year. Experts approximated it to be $7.05 billion on average.
The bank's net interest earnings rose to $4.08 billion, up from $4.02 billion during the corresponding period last year.
The CET1 capital adequacy ratio at the end of June decreased to 10.7% compared to 10.8% three months prior. By the conclusion of June 2024, it stood at 10.3%.
source: marketwatch.com
Adjusted profit rose to $1.11 from $0.98 per share, surpassing the average estimate of $1.07 by analysts polled by FactSet.
U.S. Bancorp's revenue in the previous quarter reached $7 billion, up from $6.87 billion the same time last year. Experts approximated it to be $7.05 billion on average.
The bank's net interest earnings rose to $4.08 billion, up from $4.02 billion during the corresponding period last year.
The CET1 capital adequacy ratio at the end of June decreased to 10.7% compared to 10.8% three months prior. By the conclusion of June 2024, it stood at 10.3%.
source: marketwatch.com