Is a Beat in Store for U.S. Bancorp (USB) in Q4 Earnings?

U.S. Bancorp (USB) is scheduled to report fourth-quarter and 2023 results on Jan 17, before the opening bell. The company’s quarterly revenues are expected to have improved year over year, while earnings are projected to have declined.In the last reported quarter, USB’s earnings surpassed the Zacks Consensus Estimate on higher expenses. Results benefited from increased net interest income (NII), supported by higher interest rates. A rise in non-interest income was another positive. However, higher expenses ...