U.S. Bancorp (USB) - Get Report is expected to report adjusted net income of $1.8 billion, or $1.11 a share, on sales of $5.8 billion before the market opens Wednesday, based on a FactSet survey of 23 analysts.

In the same period a year ago the company posted earnings of $1.06 a share on sales of $5.7 billion. It reported net income of $1.7 billion.

The stock has fallen 1.8% since the company last reported earnings on July 17.

Quarterly estimates have fallen less than 1 cent a share in the past month.

In the upcoming quarter analysts are forecasting adjusted net income of $1.7 billion, or $1.09 a share, on sales of $5.8 billion.

U.S. Bancorp is currently trading at a price-to-forward-earnings ratio of 12.3 based on the 12-month estimates of 24 analysts surveyed by FactSet.

Jim Cramer and the Action Alerts Plus team are watching the Banks sector. To find out more about what stocks they like in the industry click here now to get more from Action Alerts PLUS.

Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you. Learn how to create tax-efficient income, avoid top mistakes, reduce risk and more. With our courses, you will have the tools and knowledge needed to achieve your financial goals. Learn more about TheStreet Courses on investing and personal finance here.

Other S&P 500 financial results expected Wednesday:

Bank of America  (BAC) - Get Report : EPS 54 cents, Sales $22.6 billion, before the market opens (BMO) 

Progressive Corp.  (PGR) - Get Report : EPS $1.31, Sales $9.6 billion BMO

Comerica Inc.  (CMA) - Get Report : EPS $1.90, Sales $832.4 million BMO

PNC Financial Services Group, Inc. (PNC) - Get Report : EPS $2.80, Sales $4.4 billion BMO

Abbott Laboratories (ABT) - Get Report : EPS 84 cents, Sales $8.1 billion BMO

Bank of New York Mellon Corp.  (BK) - Get Report : EPS 99 cents, Sales $3.9 billion BMO

United Rentals, Inc. (URI) - Get Report : EPS $5.56, Sales $2.5 billion, after the market closes (AMC)

International Business Machines Corp.  (IBM) - Get Report : EPS $2.66, Sales $18.2 billion AMC

Netflix, Inc. (NFLX) - Get Report : EPS $1.03, Sales $5.2 billion AMC

CSX Corp.  (CSX) - Get Report : EPS $1.01, Sales $3 billion AMC

SL Green Realty Corp. (SLG) - Get Report : EPS 34 cents, Sales $243 million AMC

Kinder Morgan Inc Class P (KMI) - Get Report : EPS 24 cents, Sales $3.5 billion AMC

Abbott Laboratories is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Cramer buys or sells these stocks? Learn more now.