Headquartered in Minneapolis, U.S. Bancorp (USB) is the parent company of U.S. Bank. With a market cap of $63.2 billion, it provides banking and investment services primarily in the Midwest and West regions of the U.S. The company also offers asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations.
Shares of U.S. Bancorp have outshined the broader market over the past year. While USB has surged 32.3% over this time frame, the broader S&P 500 Index ($SPX) is up 28.9%. However, in 2024, the stock tumbled 6.3%, while SPX rallied 11.2% on a YTD basis.
