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NEW YORK ( TheStreet) -- U.S. Bancorp (NYSE: USB) hit a new 52-week high Friday as it is currently trading at $32.25, above its previous 52-week high of $32.23 with 3.4 million shares traded as of 12:20 p.m. ET. Average volume has been 11.1 million shares over the past 30 days. U.S has a market cap of $60.4 billion and is part of the financial sector and banking industry. Shares are up 18.7% year to date as of the close of trading on Thursday. 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, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.