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

NEW YORK ( TheStreet) -- U.S. Bancorp (NYSE: USB) hit a new 52-week high Friday as it is currently trading at $37.47, above its previous 52-week high of $37.46 with 1.6 million shares traded as of 10:40 a.m. ET. Average volume has been 10.3 million shares over the past 30 days.

U.S has a market cap of $68.57 billion and is part of the financial sector and banking industry. Shares are up 16.1% year to date as of the close of trading on Thursday.

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.

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TheStreet Ratings rates U.S as a buy. 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 Ratings Report.

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