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U.S. Bancorp (USB) Stock Climbs on Q2 Earnings, Revenue Beat

NEW YORK (TheStreet) -- Shares of U.S. Bancorp (USB) are gaining 1.33% to $41.80 in pre-market trade after the company reported an earnings and revenue beat for the second quarter of 2016 before the market open.

U.S. Bancorp reported earnings of 83 cents per share on revenue of $5.448 billion. Analysts were looking for earnings of 80 cents on revenue of $5.19 billion.

Last year, U.S. Bancorp reported earnings per share of 80 cents on revenue of $5.042 billion for the second quarter.

CEO Richard Davis said that revenue for this quarter was a record for...