U.S. Bancorp (USB) Dips 3% for March 20

Equities Staff  |

Among the S&P 500’s biggest fallers on Wednesday March 20 was U.S. Bancorp (USB). The stock experienced a 3% decline to $50.37 with 6.44 million shares changing hands.

U.S. Bancorp started at an opening price of 51.85 and hit a high of $51.91 and a low of $50.33. Ultimately, the stock took a hit and finished the day at $1.56 per share. U.S. Bancorp trades an average of n/a shares a day out of a total 1.6 billion shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. U.S. Bancorp hit a high of $55.56 and a low of $43.14 over the last year.

As a diversified financial services provider, U.S. Bancorp is the nation's fifth-largest bank with branches in 25 states in the Western and Northern United States. It is primarily funded by low-cost core deposits from the communities it serves. The company operates four segments: wholesale and commercial real estate banking; consumer and small-business banking; wealth management and securities services; and payment services.

With its headquarters located in Minneapolis, MN, U.S. Bancorp employs 73,333 people. After today’s trading, the company’s market cap has fallen to $80.61 billion, a P/S of n/a, a P/B of 1.79, and a P/FCF of n/a.

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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The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns.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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