U.S. Bancorp outperforms amid market downturn, trading volume lags behind

  • Investing.com
  • Stock Market News
U.S. Bancorp outperforms amid market downturn, trading volume lags behind

In a challenging market environment on Thursday, U.S. Bancorp (NYSE:USB) managed to break a three-day losing streak, recording a 2.02% rise to $31.87. This performance occurred despite the S&P 500 and Dow Jones experiencing falls, and yet, the bank's share price remained $18.08 short of its annual high of $49.95.

The banking firm managed to outperform its competitors Bank of America Corp. (NYSE:NYSE: BAC ), Great Southern Bancorp Inc. ( NASDAQ :NASDAQ: GSBC ), and Wells Fargo & Co. (NYSE:NYSE: WFC ). Their shares ended the day at $26.06, $48.63, and $39.30 respectively.

However, despite U.S. Bancorp's rise on Thursday, its trading volume of 10.5 million shares fell short of the 50-day average of 11.6 million, according to an analysis by Automated Insights. This indicates that while the bank's shares have seen a recent uptick in price, investor participation remains somewhat subdued.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100