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Shares of U.S. Bancorp (USB) shed 2.71% to $29.80 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.70% to 4,090.75 and Dow Jones Industrial Average falling 0.80% to 33,414.24.
This was the stock's third consecutive day of losses.
U.S. Bancorp closed $23.57 short of its 52-week high ($53.37), which the company reached on May 31st.
The stock underperformed when compared to some of its competitors Wednesday, as Bank of America Corp. (BAC) fell 1.07% to $27.86, Great Southern Bancorp Inc. (GSBC) rose 0.88% to $49.39, and Wells Fargo & Co. (WFC) fell 0.49% to $38.65.
Trading volume (23.5 M) eclipsed its 50-day average volume of 18.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 3, 2023.
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May 03, 2023 17:31 ET (21:31 GMT)
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