Shares of U.S. Bancorp
rallied 3.38% to $57.80 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 0.85% to 4,480.70 and the Dow Jones Industrial Average
rising 0.68% to 34,814.39. U.S. Bancorp closed $4.67 short of its 52-week high ($62.47), which the company reached on May 18th.
The stock outperformed some of its competitors Wednesday, as Bank of America Corp.
rose 0.75% to $40.14, Citigroup Inc.
rose 2.43% to $70.45, and Wells Fargo & Co.
rose 1.28% to $46.64. Trading volume (7.2 M) eclipsed its 50-day average volume of 4.8 M.