Bank Stock Facing Chart Pressure Before Earnings

US Bancorp (NYSE:USB), last seen down 1.1% to trade at $56.78, is scheduled to report third-quarter earnings before the open on Thursday, Oct. 15. Wall Street is anticipating earnings of $1.32 per share on revenue of $8.01 billion, according to Zacks Consensus Estimates.

The Cincinnati-based firm is set to snap a three-day win streak, with the shares off xx% from their Aug. 17 52-week high of $66.07. Since the start of 2026 though, USB shares have gained 27%.

Looking back at the last 12 earnings reports, USB finished its next trading session higher only three times. There is a 3% implied move this time around, per the options market, much larger than the average 0.9% post-earnings loss during the last 12 reports.

Analysts are leaning bullish. Of the 24 brokerages in coverage, 14 carry a "buy" or better rating with 10 recommending "hold." What's more, UBS' Schaeffer's Volatility Scorecard (SVS) sits at 80 out of 100, suggesting the equity has tended to outperform options traders' volatility expectations during the past year.