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The Zacks Analyst Blog Highlights Visa, JPMorgan Chase, Verizon Communications, Wells Fargo, and Seagen

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For Immediate Release

Chicago, IL – June 29, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Visa Inc. (V - Free Report) , JPMorgan Chase & Co. (JPM - Free Report) , Verizon Communications Inc. (VZ - Free Report) , Wells Fargo & Company (WFC - Free Report) and Seagen Inc. (SGEN - Free Report)

Here are highlights from Tuesday’s Analyst Blog:

Top Analyst Reports for Visa, JPMorgan and Verizon

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Visa Inc. (V - Free Report) , JPMorgan Chase & Co. (JPM - Free Report) , and Verizon Communications Inc. (VZ - Free Report) . These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
 
You can see all of today's research reports here >>>

Visa shares have held up better than Mastercard (MA) and the Zacks Financial Transaction Services industry (V down -8% vs. MA down -10.1% vs. the industry down -11.1%). The company is faced with a number of challenges like exposure to the Russia-Ukraine situation, high operating expenses and moderating cash volume from the Asia Pacific region, but the company continues to benefit from numerous buyouts and alliances.

The company's investments in technology are solidifying its position in the payments market. A shift in payments to the digital mode is a boon. The coronavirus vaccine rollouts and the gradual revival of consumer confidence will keep driving spending, expanding business volumes in turn. Backed by its strong cash position, it remains committed to boost its shareholder value. Its balance sheet strength is commendable. Visa's stock has shed less value than its industry in a year.

(You can read the full research report on Visa here >>>)

JPMorgan Chase shares have declined -20.9% over the past year against Zacks Banks - Major Regional industry's decline of -16.6%. The volatile nature of the trading business is likely to make fee income growth challenging. Further, rising mortgage rates will likely hurt originations and refinancing activities. Steadily rising operating expenses remain a key near-term headwind.

However, higher interest rates and rising loan demand are expected to positively impact the company's margins and net interest income. Opening new branches, strategic acquisitions/investments, global expansion and digitization initiatives, and decent investment banking (IB) pipeline are likely to keep aiding the company's top line. Also, its steady capital deployments look sustainable and will enhance shareholder value.

(You can read the full research report on JPMorgan Chase here >>>)

Verizon shares have declined -3.9% over the past year against Zacks Wireless National industry's decline of -4.8%. The company offered a muted outlook for 2022 due to the challenging macroeconomic environment. An intensely competitive market and hefty expenses on promotions and lucrative discounts to attract customers are likely to hurt its profitability. High auctioning expenses for the mid-band spectrum are expected to further compromise margins.

However, Verizon plans to accelerate the availability of its 5G Ultra Wideband network with C-Band deployment, covering 175 million people by the end of 2022. Its growth strategy includes 5G mobility, nationwide broadband and mobile edge computing and business solutions. Verizon is building the entire network infrastructure to provide the most amazing 5G experience to customers. It is offering various mix-and-match pricing in both wireless and home broadband plans that has led to solid customer additions.

(You can read the full research report on Verizon here >>>)

Other noteworthy reports we are featuring today include Wells Fargo & Company (WFC - Free Report) and Seagen Inc. (SGEN - Free Report) .

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.