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Shares of U.S. Bancorp (USB) inched 0.68% higher to $48.77 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.73% to 4,280.15 and the Dow Jones Industrial Average rising 1.27% to 33,761.05. This was the stock's fourth consecutive day of gains. U.S. Bancorp closed $14.80 below its 52-week high ($63.57), which the company reached on January 13th.
The stock underperformed when compared to some of its competitors Friday, as Bank of America Corp. (BAC) rose 1.09% to $36.30, Citigroup Inc. (C) rose 0.70% to $54.38, and Wells Fargo & Co. (WFC) rose 1.52% to $45.94. Trading volume (6.4 M) remained 359,351 below its 50-day average volume of 6.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 12, 2022.
(END) Dow Jones Newswires
August 12, 2022 17:26 ET (21:26 GMT)
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