Stock Track | U.S. Bancorp Plunges 5.21% in Pre-Market on Muted Net Interest Income Outlook

Stock Track

Jan 16, 2025

U.S. Bancorp (USB) stock experienced a pre-market plunge of 5.21% on Thursday, following the bank's fourth-quarter earnings report that showed a mixed performance and raised concerns about its net interest income (NII) outlook.

The bank reported adjusted earnings per share of $1.07, narrowly beating analyst estimates of $1.05. However, its revenue of $6.98 billion slightly missed expectations. While U.S. Bancorp's profitability metrics remained strong, with a return on tangible common equity of 18.3% and a return on average assets of 1.03%, the market's reaction was likely driven by its NII forecast for the first quarter.

U.S. Bancorp predicted that its NII would be "relatively stable" in the first quarter, amid expectations of sluggish loan growth and heightened competition for deposits as interest rates decline. This outlook, coupled with PNC Financial Services Group's projection of a 2% to 3% sequential decline in NII, raised concerns among investors about the potential impact on regional banks' earnings in the coming months.

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This outlook, coupled with PNC Financial Services Group's projection of a 2% to 3% sequential decline in NII, raised concerns among investors about the potential impact on regional banks' earnings in the coming months.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | U.S. Bancorp Plunges 5.21% in Pre-Market on Muted Net Interest Income Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | U.S. Bancorp Plunges 5.21% in Pre-Market on Muted Net Interest Income Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-01-16 22:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/USBOV\">U.S. Bancorp</a> (USB) stock experienced a pre-market plunge of 5.21% on Thursday, following the bank's fourth-quarter earnings report that showed a mixed performance and raised concerns about its net interest income (NII) outlook.</p>\n\n<p>The bank reported adjusted earnings per share of $1.07, narrowly beating analyst estimates of $1.05. However, its revenue of $6.98 billion slightly missed expectations. While U.S. Bancorp's profitability metrics remained strong, with a return on tangible common equity of 18.3% and a return on average assets of 1.03%, the market's reaction was likely driven by its NII forecast for the first quarter.</p>\n\n<p>U.S. Bancorp predicted that its NII would be \"relatively stable\" in the first quarter, amid expectations of sluggish loan growth and heightened competition for deposits as interest rates decline. This outlook, coupled with PNC Financial Services Group's projection of a 2% to 3% sequential decline in NII, raised concerns among investors about the potential impact on regional banks' earnings in the coming months.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USB","symbol_name":"美国合众银行","start_time":0,"source_url":"","article_id":"1115055767","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1115055767","pubTimestamp":1737037712,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"$U.S. Bancorp$  stock experienced a pre-market plunge of 5.21% on Thursday, following the bank's fourth-quarter earnings report that showed a mixed performance and raised concerns about its net interest income  outlook.The bank reported adjusted earnings per share of $1.07, narrowly beating analyst estimates of $1.05. 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