Shares of U.S. Bancorp USB, +3.94% inched 0.06% higher to $52.74 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, +3.06% falling 0.02% to 4,391.69 and Dow Jones Industrial Average DJIA, +2.68% falling 0.11% to 34,411.69. This was the stock’s second consecutive day of gains. U.S. Bancorp closed $10.83 short of its 52-week high ($63.57), which the company achieved on January 13th.
The stock underperformed when compared to some of its competitors Monday, as Bank of America Corp. BAC, +0.72% rose 3.41% to $38.85, Citigroup Inc. C, +3.26% rose 2.71% to $52.31, and Wells Fargo & Co. WFC, +7.55% rose 1.77% to $47.17. Trading volume (8.5 M) eclipsed its 50-day average volume of 8.0 M.
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