We recently published a list of 10 Companies Reflect Market Decline. In this article, we are going to take a look at where U.S. Bancorp. (NYSE:USB) stands against other companies that reflect market decline.

The stock market was lackluster on Thursday, with Wall Street’s main indices ending the day with marginal declines.

The Dow Jones Industrial Average dipped by 0.16 percent, the S&P 500 shed 0.21 percent, and the Nasdaq Composite declined by 0.89 percent.

Ten companies mirrored the decline on Wall Street over a series of catalysts including uncertain government policies and disappointing earnings results.

Let’s take a closer look at the worst performers and explore the factors behind their declines.

To come up with Thursday’s top losers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

An experienced banker on the trading floor, monitoring financial markets in real time.

U.S. Bancorp (NYSE:USB)

U.S. Bancorp (NYSE:USB) dropped its share prices by 5.64 percent on Thursday at $48.03 each with analysts pointing to non-impressive earnings performance in the fourth quarter of the year as having weighed down investor sentiment, despite it nearly doubling net income to $1.67 billion.

According to an analyst, investors were spooked by the company’s higher expenses, with non-interest costs climbing 2.5 percent and provision for credit losses rising by 9.4 percent year-on-year, a sign of ongoing stress in the commercial real estate and credit card loans.

For this year, U.S. Bancorp (NYSE:USB) said it remained optimistic about its business outlook after a bumpy road in 2024.

“It was effective balance sheet management, our financial discipline, and expanding interconnectedness across the franchise that enabled us to fully deliver the strong results we did this quarter, and [we] fully expect that momentum to continue into 2025,” U.S. Bancorp CEO Andy Cecere said.

Overall, USB ranks 6th on our list of companies that reflect market decline. While we acknowledge the potential of USB as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than USB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.