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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.
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June 02, 2023 16:51 ET (20:51 GMT)
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