U.S. Bancorp stock outperforms market despite losses on the day

Shares of U.S. Bancorp
USB,
-0.12%
dropped 0.12% to $58.44 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
SPX,
-0.54%
falling 0.54% to 4,223.70 and Dow Jones Industrial Average
DJIA,
-0.77%
falling 0.77% to 34,033.67. U.S. Bancorp closed $4.03 below its 52-week high ($62.47), which the company achieved on May 18th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Bank of America Corp.
BAC,
+0.56%
rose 0.56% to $41.62, Citigroup Inc.
C,
-3.20%
fell 3.20% to $71.46, and Wells Fargo & Co.
WFC,
+0.24%
rose 0.24% to $45.57. Trading volume (8.5 M) eclipsed its 50-day average volume of 6.1 M.