U.S. Bancorp Stock Outperforms Market On Strong Trading Day
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of U.S. Bancorp (USB) rallied 4.00% to $31.74 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.45% to 4,282.37 and the Dow Jones Industrial Average rising 2.12% to 33,762.76.
This was the stock's second consecutive day of gains.
U.S. Bancorp closed $21.48 short of 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 Friday, as Bank of America Corp. (BAC) rose 3.35% to $28.71, Great Southern Bancorp Inc. (GSBC) rose 5.55% to $52.50, and Wells Fargo & Co. (WFC) rose 2.95% to $41.24.
Trading volume (13.7 M) remained 4.4 million below its 50-day average volume of 18.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 2, 2023.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
June 02, 2023 16:51 ET (20:51 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.