Kinder Morgan Meets 4Q16 Earnings Estimates: Key Highlights
Natural Gas Pipelines is Kinder Morgan’s largest business segment in terms of EBDA.
Kinder Morgan (KMI) reduced its net debt by $3.1 billion in 2016.
Kinder Morgan (KMI) reported its 4Q16 results on January 18, 2017, after the market closed.
CSX’s operating income rose 27% to $1.0 billion in 4Q16. In the quarter, its operating margin expanded 462 basis points, from 28.4% in 4Q15 to 33.1% in 4Q16.
Let’s take a closer look at CSX Corporation’s intermodal business. CSX’s intermodal revenue was $477.0 million in 4Q16, a rise of 7% from $446.0 million in 4Q15.
In 2016, CSX’s merchandise revenue rose to 64.5% of its total revenue, while its merchandise revenue made up 61.5% of its total revenue in 4Q15.
In this article, we’ll take a look at CSX’s (CSX) coal revenue in 4Q16. The company achieved coal revenue of $551.0 million, a rise of 23% from $449.0 million in 4Q15.
On January 17, 2017, CSX Corporation reported its 4Q16 earnings. The company conducted an earnings call with the investor community on January 18.
Currently, JPMorgan Chase is trading 17% above its book value, meaning that it’s trading at a premium to Bank of America and Citigroup but cheaper than Wells Fargo.
In a Reuters survey of 32 analysts, six assigned “strong buy” ratings to JPM, while 11 rated it as a “buy.” The stock received 13 “hold” ratings and one “strong sell” and “sell” rating each.
Following JPM’s stress tests’ results, the bank said that it would keep its dividends constant at $0.48 per share, but it raised its share repurchase amount to $10.6 billion.
Heightened volatility following Donald Trump’s unexpected presidential victory in November fueled JPMorgan’s trading revenue in 4Q16.
JPMorgan Chase’s (JPM) 4Q16 earnings surpassed investors’ expectations. The bank saw a 31% rise in its fixed income revenue fueled by government bond trading.
On January 13, 2017, JPMorgan Chase reported better-than-expected 4Q16 earnings. Its adjusted earnings per share of $1.58 beat analysts’ consensus estimate of $1.44.
Currently, Citigroup offers an attractive combination of cheap valuations, improving profitability, and a large-scale share buyback program.
Citigroup said that it would return a total of $12.2 billion in capital to shareholders by 2Q17 if it completes all of its buybacks and dividend payments.
Citigroup has been focusing extensively on efficiency through cost controls and exiting low-return segments that led to a lower efficiency ratio.
In 4Q16, Citigroup’s (C) fixed income, currencies, and commodities trading revenues rose 36% to $3 billion. Equity trading revenues grew 15% year-over-year.
Citigroup reported its 4Q16 earnings on January 18, 2017. Citigroup announced EPS (earnings per share) from continuing operations of $1.14.
On January 18, 2017, American Electric Power (AEP) stock was trading at a 4% premium and 1% discount to its 50-day and 200-day moving averages, respectively.