U.S. Bancorp Stock Plunges 6.6% After Q4 Earnings Report
U.S. Bancorp’s stock dropped 6.6% after its Q4 earnings report revealed disappointing results. Despite a significant increase in net income to $1.67 billion, the bank’s adjusted earnings per share came in lower than expected at $1.07. Revenue rose 3.7%, driven by strong growth in trust and investment management fees. However, higher funding costs and a … Read more