This Banking Behemoth's Earnings Stumble Is Good News for Dividend Investors
U.S. Bancorp's (NYSE: USB) net earnings fell by double digits in the fourth quarter of 2019 as lower interest rates squeezed the bank's interest margin. Investors exhibited their pique by sending shares down roughly 3% in Wednesday's trading session following the company's earnings release. As a result, U.S. Bancorp stock is now down 7% just two weeks into the new year. Below, we'll briefly review the quarter and discuss why these shares have quickly become more attractive to dividend investors. Note that all comparative numbers that follow are presented against those of the prior-year quarter.
Data source: U.S. Bancorp.
Image source: Getty Images.
Source Fool.com
