U.S. Bancorp is a diversified financial services holding company that operates predominantly through its flagship banking subsidiary, U. S. Bank. The company provides a broad range of financial products and services, including consumer and commercial banking, investment management, mortgage services, and payment processing solutions. With a focus on serving individual clients, small businesses, and corporate entities, U.S. Bancorp is committed to delivering innovative financial solutions tailored to meet the needs of its customers while also engaging in community development and sustainable practices. Through its extensive branch network and digital platforms, the company aims to enhance customer experience and foster financial wellbeing. Read More
U.S. equities climbed on Thursday, with the S&P 500 briefly testing a record high 6,300 level at midday in New York, bolstered by strong earnings and upbeat retail sales data that reinforced investor risk appetite.
Before the US market kicks off on Thursday, let's examine the pre-market session and unveil the notable performers among the S&P500 top gainers and losers.
Financial services giant U.S. Bancorp (NYSE:USB) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 2.4% year on year to $7.00 billion. Its GAAP profit of $1.11 per share was 3.9% above analysts’ consensus estimates.
U.S. Bancorp reported its second quarter 2025 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information.
Large-cap stocks have the power to shape entire industries thanks to their size and widespread influence.
With such vast footprints, however, finding new areas for growth is much harder than for smaller, more agile players.
Shares of financial services giant Bank of America (NYSE:BAC) fell 3% in the afternoon session after analyst at HSBC downgraded the stock to "hold" from "buy.". The downgrade was primarily driven by valuation concerns, according to the HSBC analyst. This move comes amid broader market unease, as investors grapple with the potential economic impact of new tariffs on U.S. trade partners announced by President Trump. These tariffs, set to take effect on August 1, are creating uncertainty and weighing on the outlook for the banking sector.
