In a challenging market environment on Thursday, U.S. Bancorp (NYSE:USB) managed to break a three-day losing streak, recording a 2.02% rise to $31.87. This performance occurred despite the S&P 500 and Dow Jones experiencing falls, and yet, the bank's share price remained $18.08 short of its annual high of $49.95.
The banking firm managed to outperform its competitors Bank of America Corp. (NYSE:NYSE:BAC), Great Southern Bancorp Inc. (NASDAQ:NASDAQ:GSBC), and Wells Fargo & Co. (NYSE:WFC). Their shares ended the day at $26.06, $48.63, and $39.30 respectively.
However, despite U.S. Bancorp's rise on Thursday, its trading volume of 10.5 million shares fell short of the 50-day average of 11.6 million, according to an analysis by Automated Insights. This indicates that while the bank's shares have seen a recent uptick in price, investor participation remains somewhat subdued.
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