U.S. Bancorp Stock Outperforms Market On Strong Trading Day
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Shares of U.S. Bancorp (USB) rallied 2.07% to $30.52 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.99% to 4,221.02 and the Dow Jones Industrial Average rising 0.47% to 33,061.57.
The stock's rise snapped a two-day losing streak.
U.S. Bancorp closed $22.70 below its 52-week high ($53.22), which the company achieved on June 6th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Bank of America Corp. (BAC) rose 0.76% to $27.78, Great Southern Bancorp Inc. (GSBC) rose 2.28% to $49.74, and Wells Fargo & Co. (WFC) rose 0.63% to $40.06.
Trading volume (12.3 M) remained 5.9 million below its 50-day average volume of 18.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 1, 2023.
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June 01, 2023 17:30 ET (21:30 GMT)
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