Trader’s Buzzers – General Electric Company, (NYSE:GE), Verizon Communications, (NYSE:VZ)

General Electric Company (NYSE:GE) is currently trading at $30.6 with incline of 2.07%.The stock is floating in a range of $30.30 and $30.61 whereas, it’s 52-Week High Price is $32.05 with respect to its 52 Week Low Price of $19.37. The share price is presently 1.06 percent as compared to its SMA20, 1.31 percent as compared to its SMA50, and 4.72 percent as compared to its SMA200.

General Electric Company declared that it has received approval of its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital’s designation as a nonbank Systemically Important Financial Institution (SIFI).

The FSOC’s decision reflects the substantial reduction in GE Capital’s size and risk profile and confirms that GE Capital does not pose any threat to U.S. financial stability. GE’s request, filed at the end of March 2016, detailed the changes and dispositions GE Capital has made since being designated as a SIFI in 2013 and, in particular, since GE declared in April 2015 that it would become a more focused digital industrial company by dramatically reducing the size of GE Capital.

With the rescission of its designation as a nonbank SIFI, GE Capital’s activities will no longer be subject to the supervision of the Federal Reserve or subject to the prudential standards set forth in the Dodd Frank Act and its implementing regulations, counting minimum regulatory capital and liquidity requirements, submission of annual resolution plans, and regulatory reporting requirements.

Verizon Communications Inc. (NYSE:VZ) presently priced at $5.06 with incline of 0.46%.In the time frame of the last one month, the share-price has risen almost 8.81%. The Earnings per Share of the stock is $4.40. The share price is presently 4.23 percent as compared to its SMA20, 6.78 percent as compared to its SMA50, and 14.47 percent as compared to its SMA200.

Verizon and the Networks Division of Samsung Electronics America, Inc. recently unveiled a new 4G LTE Network Extender designed to enhance wireless voice communications and deliver robust data coverage for residential and business locations. Adding to the existing 4G LTE Network Extender for Enterprise, the new 4G LTE Network Extender expands Verizon’s 4G LTE in-building coverage solution portfolio to include homes, small business locations, restaurants, smaller public safety offices and branch office locations.

The 4G LTE Network Extender features Samsung’s innovative small cell technology, which facilitates Verizon subscribers to make HD Voice and Video calls, access mobile data, and stream content from in-building locations where existing cellular coverage may not adequately reach. The product provides a cost-effective and simple-to-install solution to overcome the challenges of weak coverage in buildings with dense materials or located in remote areas — assisting significantly boost productivity for offices and residences.

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