US Bancorp falls after Q3 interest income forecast misses estimates
ReutersJul 17, 2025 12:27 PM
Shares of U.S. Bancorp USB.N fall 3.8% to $43.94 in premarket trade
USB's third-quarter net interest income forecast misses estimates
Co expects third-quarter interest income between $4.1 billion and $4.2 billion, below expectations of $4.24 billion - LSEG
The bank also misses estimates for Q2 NII - reports $4.05 billion in the quarter, missing estimates of $4.12 billion
However, USB's Q2 profit beat Street's estimates as loan loss provisions fell
As of last close, USB has lost nearly 4% in 2025
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