U.S. Bancorp (USB) Shares are Up 1.45%

U.S. Bancorp (USB) : Traders are bullish on U.S. Bancorp (USB) as it has outperformed the S&P 500 by a wide margin of 2.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.48%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.45% in the last 1 week, and is up 2.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

U.S. Bancorp is up 4.55% in the last 3-month period. Year-to-Date the stock performance stands at 2.91%. The stock has recorded a 20-day Moving Average of 2.13% and the 50-Day Moving Average is 4.72%.


U.S. Bancorp (NYSE:USB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.16 and $43.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.35, notching a gain of 0.30% for the day. The total traded volume was 3,977,552 . The stock had closed at $43.22 on the previous day.

Also, Keefe Bruyette & Woods maintains their rating on the shares of U.S. Bancorp (NYSE:USB). The current rating of the shares is Market Perform. Equity Analysts at the Firm lowers the price target to $43 per share from $45 per share. The rating by the firm was issued on July 5, 2016.

U.S. Bancorp is a multi-state financial services holding company. The Company operates through its banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. The Company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATM) processing, mortgage banking, insurance, brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its commercial and consumer lending services are offered to customers within the Companys domestic markets, to domestic customers with foreign operations and to large national customers operating in specific industries targeted by the Company.

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