U.S. Bancorp Stock Rises Friday, Still Underperforms Market
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Shares of U.S. Bancorp (USB) inched 0.52% higher to $30.67 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.30% to 4,205.45 and the Dow Jones Industrial Average rising 1.00% to 33,093.34.
The stock's rise snapped a two-day losing streak.
U.S. Bancorp closed $22.70 below its 52-week high ($53.37), which the company reached on May 31st.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Bank of America Corp. (BAC) rose 0.50% to $28.31, Great Southern Bancorp Inc. (GSBC) rose 0.42% to $50.49, and Wells Fargo & Co. (WFC) rose 0.81% to $41.23.
Trading volume (9.3 M) remained 10.4 million below its 50-day average volume of 19.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 26, 2023.
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May 26, 2023 17:30 ET (21:30 GMT)
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