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Shares of U.S. Bancorp (USB) rallied 6.17% to $30.45 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.19% to 4,158.77 and the Dow Jones Industrial Average rising 1.24% to 33,420.77.
U.S. Bancorp closed $22.92 below its 52-week high ($53.37), which the company achieved on May 31st.
The stock outperformed some of its competitors Wednesday, as Bank of America Corp. (BAC) rose 4.42% to $28.57, Great Southern Bancorp Inc. (GSBC) rose 5.95% to $52.03, and Wells Fargo & Co. (WFC) rose 5.39% to $40.46.
Trading volume (22.4 M) eclipsed its 50-day average volume of 21.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 17, 2023.
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May 17, 2023 17:30 ET (21:30 GMT)
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