10 Best Blue Chip Stocks Under $100 to Buy Now

8. U.S. Bancorp (NYSE:USB)

Market Cap: $86.3 Billion

Stock Price: $53.14

Number of Hedge Fund Holders: 51

U.S. Bancorp (NYSE:USB) is one of the Best Blue Chip Stocks Under $100 to Buy Now. On June 1, the company announced that it had completed its acquisition of  BTIG, LLC. BTIG will add significantly complementary capabilities to U.S. Bancorp (NYSE:USB)’s capital markets platform, strengthening its capability to cater to corporate and institutional clients. Together, the companies remain well-positioned to cater to a broader range of client needs and build on the robust capital markets momentum.

The acquisition combines deep market expertise with the strength of U.S. Bancorp (NYSE:USB)’s broader franchise to result in more opportunities for companies. To provide a brief background, BTIG is engaged in investment banking, institutional sales and trading, research, and prime brokerage. It ranks in the top 10 US brokers for the high-touch equity volume. BTIG will operate as a separate broker-dealer within U.S. Bancorp.

For BTIG, the acquisition enables the company to strengthen client relationships while, at the same time, delivering the high-touch service the clients need.

U.S. Bancorp (NYSE:USB) is engaged in providing financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions.

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