U.S. Bancorp Stock Rises Friday, Still Underperforms Market

Global Payments Inc

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Information Technology : IT Services | Mid Cap Blend

Company profile

Global Payments Inc. is a payments technology company that delivers software and services. The Company operates through three segments: Merchant Solutions, Issuer Solutions and Business, and Consumer Solutions. The Merchant Solutions segment provides payments technology and software solutions to customers globally. This segment offerings include authorization, settlement and funding services, customer support, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and reporting. The Issuer Solutions segment provides solutions that enable financial institutions and other financial service providers to manage their card portfolios. The Consumer Solutions segment provides general purpose reloadable (GPR) prepaid debit and payroll cards, demand deposit accounts and other financial service solutions to the underbanked and other consumers and businesses in the United States through its Netspend and other brands.

U.S. Bancorp Stock Rises Friday, Still Underperforms Market

5:31 pm ET January 6, 2023 (MarketWatch) Print

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

Shares of U.S. Bancorp (USB) rose 1.40% to $46.31 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.28% to 3,895.08 and the Dow Jones Industrial Average rising 2.13% to 33,630.61. U.S. Bancorp closed $17.26 below its 52-week high ($63.57), which the company reached on January 13th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Bank of America Corp. (BAC) rose 1.00% to $34.41, Great Southern Bancorp Inc. (GSBC) rose 1.77% to $59.80, and Wells Fargo & Co. (WFC) rose 0.90% to $42.80. Trading volume (8.2 M) remained 1.8 million below its 50-day average volume of 10.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 6, 2023.

(END) Dow Jones Newswires

January 06, 2023 17:31 ET (22:31 GMT)