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U.S. Bancorp beat earnings estimates, raised its dividend, and saw mixed ownership changes.
U.S. Bancorp reported strong second-quarter earnings of $1.11 per share, slightly above estimates, with revenue up 2% year-over-year to $7.06 billion.
The company raised its quarterly dividend to $0.52, yielding 4.3%, and maintained a "Moderate Buy" analyst consensus with a $53.26 average price target.
Highland Capital Management reduced its stake by 2.3%, while Silvia Mccoll Wealth Management acquired a new position of 4,627 shares.
The stock trades at $48.00 with a market cap of $74.69 billion and a P/E of 11.48.
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U.S. Bancorp superó las estimaciones de ganancias, elevó su dividendo, y vio cambios mixtos de propiedad.