Despite the past two weeks’ recovery to over 17,000, the Dow Jones Industrial Average is down 1.2% for the year so far to 17,213.31. Against that trend, Verizon Communications Inc. (NYSE: VZ) has risen 13.65% to $52.53 per share, the best among the 30 stocks that comprise the index.
Verizon has several financial and business model advantages over most large companies. The argument is bolstered by the performance of its only major, direct rival. AT&T Inc. (NYSE: T) shares have risen 11.5% since the start of the year to $38.36. The two companies are often described as mirror images of one another. Wall Street continues to warm to both.
Verizon had revenue of $131.6 billion last year, making it one of the largest companies in America. The figure was higher by 3.6% year over year. Net income for 2015 was $18.4 billion, up 54%.
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