If You Invested $1,000 in U.S. Bank in 2018, This Is How Much You Would Have Today
US Bancorp (NYSE: USB), which is the fifth-largest bank in the country based on total assets, hasn't been immune from the regional banking crisis, and its stock is down 30% in 2023. But this continues a longer history of marked underperformance.
If you invested $1,000 in shares of U.S. Bank five years ago in May 2018, that position would be worth a disappointing $609 today (as of May 23), or a loss of 39%. Compare this to the 54% gain by the broader S&P 500, and it's obvious that investors would've been better off avoiding this bank stock.
Let's take a closer at what led to this terrible performance, and if there's any hope for a different situation for investors.
Source Fool.com
