Reported about 18 hours ago
U.S. Bancorp expresses confidence in its strategy after overcoming recent underperformance, despite skepticism from Wall Street. The bank anticipates revenue growth and stable expenses for 2025, aiming for better operating leverage. CFO John Stern highlighted expense management and the importance of its payments business in driving financial stability. Despite recent earnings missing estimates due to notable expenses, analysts remain optimistic about the bank's potential to improve profitability and achieve set goals.
Source: YAHOO