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Is US Bancorp a Buy?

TheMotleyFool

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The overall stock market has had quite a roller-coaster ride in 2020, but even after the recent drop fueled by surging COVID-19 cases, the S&P 500 is still higher by approximately 2.5% for the year as of Oct. 29.

Unfortunately for bank investors, the financial sector has been one of the weakest parts of the market during the pandemic, with the Financial Sector SPDR (NYSEMKT: XLF) down by 24% year to date. And U.S. Bancorp (NYSE: USB) -- historically one of the strongest names in the sector -- has fared even worse, with a 36% plunge from where it started the year.

Image source: Getty Images.

Source Fool.com

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