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NEW YORK ( TheStreet) -- U.S. Bancorp (NYSE: USB) hit a new 52-week high Tuesday as it is currently trading at $29.93, above its previous 52-week high of $29.88 with 566,104 shares traded as of 9:55 a.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 9.7% year to date as of the close of trading on Monday. U.S. Bancorp, a financial services holding company, provides various banking and financial services in the United States. The company offers depository services, such as checking accounts, savings accounts, and time certificate contracts. The company has a P/E ratio of 12.1, above the average banking industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7.