U.S. Bancorp Stock Falls Thursday, Still Outperforms Market

Goldman Sachs Group Inc

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Financials : Capital Markets | Large Cap Value

Company profile

The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services across investment banking, securities, investment management and consumer banking to a diversified client base that includes corporations, financial institutions, governments and individuals. The Company segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment includes financing, advisory services, risk distribution, and hedging for its institutional and corporate clients, including Fixed Income, Currency and Commodities (FICC) and Equities, Investment Banking and Marquee. The Asset & Wealth Management segment includes advice, investing, and execution for institutions and individuals across public and private markets. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.

U.S. Bancorp Stock Falls Thursday, Still Outperforms Market

5:30 pm ET January 5, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of U.S. Bancorp (USB) slumped 0.78% to $45.67 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.16% to 3,808.10 and Dow Jones Industrial Average falling 1.02% to 32,930.08. The stock's fall snapped a four-day winning streak. U.S. Bancorp closed $17.90 below its 52-week high ($63.57), which the company achieved on January 13th.

The stock underperformed when compared to some of its competitors Thursday, as Bank of America Corp. (BAC) fell 0.21% to $34.07, Great Southern Bancorp Inc. (GSBC) fell 0.56% to $58.76, and Wells Fargo & Co. (WFC) fell 0.54% to $42.42. Trading volume (8.4 M) remained 1.7 million below its 50-day average volume of 10.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 5, 2023.

(END) Dow Jones Newswires

January 05, 2023 17:30 ET (22:30 GMT)