U.S. Bancorp (USB) Dips 2.83% for October 11

Equities Staff  |

Among the S&P 500’s biggest fallers on Thursday October 11 was U.S. Bancorp (USB). The stock experienced a 2.83% decline to $51.82 with 13.3 million shares changing hands.

U.S. Bancorp started at an opening price of 53.32 and hit a high of $53.32 and a low of $51.65. Ultimately, the stock took a hit and finished the day at $1.51 per share. U.S. Bancorp trades an average of 6.37 million shares a day out of a total 1.63 billion shares outstanding. The current moving averages are a 50-day SMA of $53.43 and a 200-day SMA of $52.19. U.S. Bancorp hit a high of $58.50 and a low of $48.49 over the last year.

US Bancorp is a multi-state financial holding company. It offers financial services such as lending and depository service, cash management, foreign exchange and trust and investment management services.

With its headquarters located in Minneapolis, MN, U.S. Bancorp employs 72,402 people. After today’s trading, the company’s market cap has fallen to $84.42 billionAs for its value, has a P/E ratio of <14, a P/S of 4.67, a P/B of 1.91, and a P/FCF of 30.8.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on U.S. Bancorp and to follow the company’s latest updates, you can visit the company’s profile page here: USB’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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