Recap: U.S. Bancorp Q3 Earnings


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Shares of U.S. Bancorp (NYSE:USB) rose 1.5% in pre-market trading after the company reported Q3 results.

Quarterly Results

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Earnings per share decreased 13.91% year over year to $0.99, which beat the estimate of $0.91.

Revenue of $5,939,000,000 rose by 0.75% from the same period last year, which beat the estimate of $5,710,000,000.

Looking Ahead

U.S. Bancorp hasn't issued any earnings guidance for the time being.

U.S. Bancorp hasn't issued any revenue guidance for the time being.

Conference Call Details


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Technicals

Company's 52-week high was at $61.11

52-week low: $28.36

Price action over last quarter: Up 2.18%

Company Description

As a diversified financial-services provider, U.S. Bancorp is the nation's fifth- largest bank with branches in well over 20 states, primarily in the Western and Midwestern United States. The bank offers many services, including retail banking, commercial banking, trust and wealth services, credit cards, mortgages, and other payments capabilities.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: EarningsNews