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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 $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.