U.S. Bancorp (NYSE:USB) shares are trading lower on Thursday, after Morgan Stanley maintained an Underweight rating on the stock and lowered its price target from $43 to $41.

As a diversified financial-services provider, U.S. Bancorp is the nation's fifth- largest bank with branches in well over 20 states, primarily in the Western and Midwestern United States.

The bank offers many services, including retail banking, commercial banking, trust and wealth services, credit cards, mortgages, and other payments capabilities.

U.S. Bancorp shares were trading down 4.91% at $37.39 on Thursday. The stock has a 52-week high of $61.11 and a 52-week low of $28.36.