U.S. Bancorp stock rose Wednesday despite weak point in the broad equities market as the corporate mentioned it will beat Wall Street revenue targets for 2023, though it missed its earnings and income targets for the fourth quarter.
Jefferies analyst Ken Usdin mentioned the financial institution’s 2023 steerage implied full-year earnings of $5.15 a share to $5.20 a share, forward of the present analyst estimate of $5 a share compiled by FactSet.
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