U.S. Bancorp Analysts Slash Their Forecasts After Q1 Earnings

1. USB reported Q1 earnings per share of $1.03, beating estimates. 2. Quarterly revenues hit $6.95 billion, exceeding projections of $6.91 billion. 3. Average total loans increased by 2.1% YoY, showcasing growth. 4. Analysts revised price targets downward after the earnings announcement. 5. USB shares rose 1.6% to $38.40 following the earnings release.