Why US Bancorp Stock Climbed 10.5% in June
US Bancorp (NYSE: USB) bounced back in June, rising 10.5% for the month after a couple of difficult months, according to S&P Global Market Intelligence. US Bancorp's stock was still down about 22% year to date, trading at around $33.65 per share as of July 5.
June was a solid month for the markets overall, as the S 500 was up 6.5%, the Dow Jones Industrial Average gained 4.6%, and the Nasdaq Composite jumped 6.6% in June.
US Bancorp, the holding company for U.S. Bank, performed well in what was a good month for banks overall. The KBW Nasdaq Bank Index, which tracks the performance of large banks, was up about 5.3% in June.
Source Fool.com
