U.S. Bancorp (USB): Today's Featured Banking Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

U.S. Bancorp ( USB) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.2%. By the end of trading, U.S. Bancorp fell 34 cents (-1.1%) to $31.68 on average volume. Throughout the day, 7.3 million shares of U.S. Bancorp exchanged hands as compared to its average daily volume of nine million shares. The stock ranged in price between $31.67-$32.01 after having opened the day at $31.73 as compared to the previous trading day's close of $32.02. Other companies within the Banking industry that declined today were: Plumas Bancorp ( PLBC), down 19.8%, Southern Connecticut Bancorp ( SSE), down 10.8%, First Federal of Northern Michigan Bancorp ( FFNM), down 8.4%, and Magyar Bancorp ( MGYR), down 7.9%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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. U.S. Bancorp has a market cap of $60.66 billion and is part of the financial sector. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 19.3% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate U.S. Bancorp a buy, one analyst rates it a sell, and 16 rate it a hold.

TheStreet Ratings rates U.S. Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

HOLIDAY SPECIAL: Let Jim Cramer show you every trade he is making in his $2.5 Million portfolio. Join now for 14-days FREE. Sign up today to get e-mail alerts before every trade.

null

More from Markets

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat