United

Billion

<ul class="list-ic vertical"> 
 <li> 1 <a>US Bancorp benefitted from the recent interest surge in the US in the second quarter.&nbsp;</a> </li> 
 <li> 2 <a>US Bancorp (NYSE: USB) reported healthy quarterly earnings and showcased its adaptation to the new interest hikes.</a> </li> 
 <li> 3 <a>At press time, the USB stock is trading at $37.86 following a decline of 3.57%.</a> </li> 
</ul> 
The earnings season is here companies and financial institutions are reporting their revenues, EPS, profits, losses, expenses, etc. The American bank holding company US Bancorp (NYSE: USB) reported its second-quarter earnings last week on Wednesday, July 19, 2023. Given the substantially better results, USB stock is up by 8% in the last week.&nbsp; 
Most banks in the United States benefited from the interest rate hike during the second quarter, Reuters reported. Major indexes’ values rose given the convenience of higher rates. However, it made an inverse effect. Consumer spending saw a reduction, slow growth in the loan sector, and an increase in the cost of retaining deposits.&nbsp; 
US Bancorp was no exception to the same and witnessed similar advantages and issues alike. The bank reported better than estimated revenue of $7.2 Billion whereas the reported earnings of $1.12 were in line with the expectations.&nbsp; 
One of the crucial departments suggesting the health of banks, the forecast for full-year net interest income (NII) was also slightly lower than the estimates. It measures the difference between the earnings of a bank after loans and the amount paid on deposits.&nbsp; 
<a href="https://www.thecoinrepublic.com/2023/07/22/us-bancorp-price-prediction-will-usb-stock-sustain-cmp/" target="_blank" rel="noopener noreferrer nofollow">US Bancorp’s</a> estimated NII for 2023 is below Wall Street’s expectations. According to the bank, the full-year NII is likely to remain between $17.5 Billion and $18 Billion, while analysts expect it to stay around $18.1 Billion.&nbsp; 
The healthy quarterly earnings of the Minneapolis-based bank showcase its adaptation of the Federal Reserve’s interest rate hikes. USB holds diverse revenue streams given the mortgage banking and wealth management offerings. In contrast to the banking giants like Goldman Sachs, the fifth largest US bank is distant from the investment banking services in order to avoid risks.&nbsp; 
<h1 class="wp-block-heading" id="strong-us-bancorp-nyse-usb-stock-price-movement-strong">US Bancorp (NYSE: USB) Stock Price Movement</h1> 
Currently, USB stock price is trading at $37.86 following a decline of 3.57% in the last intraday session on Tuesday, July 25, 2023. Though the bank stock price sustained momentum during the initial months, the downtrend in March 2023 changed the route and dropped nearly 35% till May 2023.&nbsp; 
&nbsp;After mid-May 2023, USB stock saw a trend reversal and rose 35% since then.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized"> 
 <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-181-1024x460.png" alt="US Bancorp (USB) Stock Price 35% Up from Lows, Yet Resists $38" class="wp-image-154273" width="1176" height="528" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-181-1024x460.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-181-300x135.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-181-768x345.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-181-1536x690.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-181-750x337.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-181-1140x512.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-181.png 1600w" sizes="(max-width: 1176px) 100vw, 1176px"> 
 <figcaption class="wp-element-caption">
 Source : US Bancorp (NYSE: USB) Stock Price Movement on <a href="https://www.tradingview.com/x/RqeIjktP/" rel="noopener noreferrer nofollow">TradingView</a> 
 </figcaption> 
 </figure> 
</div> 
MACD is suggesting the uptrend staying above the neutral line and the curve moving up. RSI is at 67 and moving towards the oversold zone indicating a potential bullish trend ahead for the stock price.&nbsp; 
<h5 class="wp-block-heading">Disclaimer</h5> 
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

US Bancorp (USB) Stock Price 35% Up from Lows, Yet Resists $38

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