U.S. Bancorp Stock Outperforms Market On Strong Trading Day

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.

U.S. Bancorp Stock Outperforms Market On Strong Trading Day

5:30 pm ET January 4, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of U.S. Bancorp (USB) rallied 3.11% to $46.03 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.75% to 3,852.97 and the Dow Jones Industrial Average rising 0.40% to 33,269.77. This was the stock's fourth consecutive day of gains. U.S. Bancorp closed $17.54 below its 52-week high ($63.57), which the company achieved on January 13th.

The stock outperformed some of its competitors Wednesday, as Bank of America Corp. (BAC) rose 1.88% to $34.14, Great Southern Bancorp Inc. (GSBC) fell 0.20% to $59.09, and Wells Fargo & Co. (WFC) rose 2.06% to $42.65. Trading volume (16.3 M) eclipsed its 50-day average volume of 10.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 4, 2023.

(END) Dow Jones Newswires

January 04, 2023 17:30 ET (22:30 GMT)

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U.S. Bancorp Stock Outperforms Market On Strong Trading Day