U.S Stock Hits New 52-Week High (USB)

NEW YORK ( TheStreet) -- U.S. Bancorp (NYSE: USB) hit a new 52-week high Thursday as it is currently trading at $29.76, above its previous 52-week high of $29.74 with 5.9 million shares traded as of 2:30 p.m. ET. Average volume has been 12.9 million shares over the past 30 days.

U.S has a market cap of $54.29 billion and is part of the financial sector and banking industry. Shares are up 8.7% year to date as of the close of trading on Wednesday.

U.S. Bancorp, a financial services holding company, provides various banking and financial services in the United States. It generates various deposit products, including checking accounts, savings accounts, money market savings, and time certificates of deposit accounts. The company has a P/E ratio of 11.9, above the average banking industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates U.S as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full U.S Ratings Report.

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