Verizon Communications Inc
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Communication Services : Diversified Telecommunication Services | Large Cap Value
Company profile

Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its reportable segments are Verizon Consumer Group and Verizon Business Group. Its Consumer segment provides wireless and wireline communications services. Its wireless services are provided across wireless networks in the United States (U.S.) under the Verizon brand. Its wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over its fiber-optic network under the Fios brand and over a traditional copper-based network. Its Business segment provides wireless and wireline communications services and products, including data, video and conferencing services, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things services and products.

Day's Change
-0.6043 (-1.19%)
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Today's volume of 8,539,617 shares is on pace to be in-line with VZ's 10-day average volume of 24,901,801 shares.


JPMorgan Chase beats EPS consensus by wide margin as it releases another $2.1 billion of loan loss reserves

7:07 am ET October 13, 2021 (MarketWatch)

JPMorgan Chase & Co. (JPM) on Wednesday said its third-quarter net income increased to $11.69 billion, or $3.74 a share, from $9.44 billion, or $2.92 a share, in the year-ago period. Revenue increased to $29.65 billion from $29.3 billion while net revenue managed increased to $30.44 billion from $29.94 billion. Net interest income increased by 1% to $13.2 billion. The earnings included credit reserve releases of $2.1 billion. Analysts expected the bank to earn $3 a share on revenue of $29.79 billion, with net interest income of $13.1 billion, according to a FactSet survey. Chairman and CEO Jamie Dimon said the results were "strong" as the economy continues to show good growth, despite the dampening effect of the Delta variant and supply chain disruptions. Shares of JPMorgan Chase rose 0.3% in premarket trades and are up 30% this year, compared to a rise of 15.8% by the S&P 500 .

-Steve Gelsi


(END) Dow Jones Newswires

October 13, 2021 07:07 ET (11:07 GMT)

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