U.S. Bancorp (USB): Today's Featured Banking Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.4%. By the end of trading, U.S. Bancorp fell $0.53 (-1.4%) to $36.74 on heavy volume. Throughout the day, 17,473,585 shares of U.S. Bancorp exchanged hands as compared to its average daily volume of 9,750,000 shares. The stock ranged in price between $36.15-$36.85 after having opened the day at $36.78 as compared to the previous trading day's close of $37.27. Other companies within the Banking industry that declined today were:
Oak Ridge Financial Services
(
BKOR
), down 4.9%,
(
), down 4.3%,
(
), down 4.1% and
(
), down 4.0%.
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. Its services include lending and depository services, cash management, capital market, and trust and investment management services. U.S. Bancorp has a market cap of $69.4 billion and is part of the financial sector. Shares are up 16.7% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate U.S. Bancorp a buy, 2 analysts rate it a sell, and 15 rate it a hold.
TheStreet Ratings rates
U.S. Bancorp
as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, increase in stock price during the past year, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full U.S. Bancorp Ratings Report.
On the positive front,
(
), up 16.1%,
Royal Bancshares of Pennsylvania
(
), up 15.0%,
(
), up 12.6% and
(
), up 10.7% , were all gainers within the banking industry with
(
) being today's featured banking industry leader.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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