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Minneapolis, Minnesota-based US Bancorp (USB) operates as a financial services holding company, providing various banking & financial services to individuals, businesses, institutions, and governmental entities in the US. With a market cap of $75.5 billion, the company operates over 2,000 branches in several states across the US.
Companies worth $10 billion or more are generally described as “large-cap stocks.” USB fits this bill perfectly. Given the company’s extensive operations and dominance in the regional banking industry, its valuation above this mark is unsurprising.