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Minneapolis, Minnesota-based U.S. Bancorp (USB) operates as a financial services holding company, providing various financial services to individuals, businesses, institutional, and governmental entities in the U.S. With a market cap of $74.3 billion, U.S. Bancorp operates over 2,000 branches in 26 states.
U.S. Bancorp has slightly outpaced the broader market over the past year but underperformed in 2024. USB stock is up 10% on a YTD basis and 34.2% over the past 52 weeks compared to the S&P 500 Index’s ($SPX) 21.2% gains in 2024 and 32.7% returns over the past 52 weeks.