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Why US Bancorp Stock Was Down 15.1% This Week

March 17, 2023

Via: Yahoo

US Bancorp (NYSE: USB), the holding company for US Bank, saw its stock price plummet 15.1% this week from last Friday’s close through 10 a.m. ET today, according to S&P Global Market Intelligence. The stock is trading at about $34.50 per share as of Friday morning, down 21% year to date. Last Friday’s collapse of Silicon Valley Bank, a subsidiary of SVB Financial, as well as Signature Bank on Sunday, sent bank stocks reeling on Monday.

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