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 3.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.78%, 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 0.12% in the last 1 week, and is up 2.92% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.46% and the fifty day Moving Average is 4.35%. U.S. Bancorp is up 1.72% in the last three month period. Year-to-Date the stock performance stands at 3.03%.
U.S. Bancorp (USB) : The highest level U.S. Bancorp (USB) is projected to reach is $51 for the short term and the lowest estimate is at $42. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $45.85 and the possibility the share price can swing is $3.05.
U.S. Bancorp (NYSE:USB): The stock was completely flat for the day, closing at $43.40 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $43.45, the stock touched an intraday high of $43.63 and a low of $43.19. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $43.40. The total trading volume on Friday was 6,590,665.
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.