10 Companies Reflect Market Decline

6. US Bancorp. (NYSE:USB)

US Bancorp. (USB) dropped its share prices by 5.64 percent on Thursday at $48.03 each with analysts pointing to non-impressive earnings performance in the fourth quarter of the year as having weighed down investor sentiment, despite it nearly doubling net income to $1.67 billion.

According to an analyst, investors were spooked by the company’s higher expenses, with non-interest costs climbing 2.5 percent and provision for credit losses rising by 9.4 percent year-on-year, a sign of ongoing stress in the commercial real estate and credit card loans.

For this year, US Bancorp (USB) said it remained optimistic about its business outlook after a bumpy road in 2024.

“It was effective balance sheet management, our financial discipline, and expanding interconnectedness across the franchise that enabled us to fully deliver the strong results we did this quarter, and [we] fully expect that momentum to continue into 2025,” US Bancorp. CEO Andy Cecere said.