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Inaugurations are about fresh starts and optimism. When you combine it with the kind of solid earnings that investors saw last night and this morning from
Netflix Inc (NASDAQ: NFLX) and
Morgan Stanley (NYSE: MS), you can see why the market is having a little rally to start the day.
Events in Washington will probably supersede whatever happens on Wall Street today, but that doesn’t mean nothing’s going on in the financial world.
First of all, MS, the final big bank to report, impressed with its Q4 results and saw shares tick higher in pre-market trading;. The company beat Wall Street estimates on earnings per share and revenue, with an amazing quarter for its investment banking. Revenue in that segment rose 46% year over year, not completely unexpected when you consider the healthy mergers and acquisitions (M&A) and initial public offerings (IPO) environment over the last few months.
The Federal Reserve Bank of Dallas Jan. 8 announced it has appointed Bhavesh âBobâ Patel to its Houston Branch board of directors.
Patel is CEO of Houston-based LyondellBasell, one of the largest plastics, chemicals and refining companies with over 19,500 employees globally. The Indian American executive joined LyondellBasell in 2010 and became CEO in 2015, his bio notes.  Â
For more than 20 years, Patel held positions of increasing responsibility at Chevron Corporation and Chevron Phillips Chemical Company. He has held senior executive roles in The Netherlands, Singapore and the United States.Â
Patel serves on the boards of Union Pacific Corporation and Greater Houston Partnership, and on the University of Texas MD Anderson Cancer Center Board of Visitors.
It s Full Steam Ahead in 2021 for These 4 Railroad Stocks
UNP – The railroad industry has witnessed a significant decrease in rail traffic in the wake of the COVID-19 pandemic. However, because a V-shaped economic recovery is expected this year, we think companies like Union Pacific (UNP), Canadian National Railway (CNI), CSX (CSX) and Norfolk Southern (NSC) should deliver stellar results.
Jan 14, 2021
The railroad industry is one of the major components of the U.S. transportation sector and is closely tied to the economy’s growth. The COVID-19 pandemic has greatly affected the railroad industry, with a large decrease in traffic due to disruptions in supply and value chains. Freight transportation virtually came to a standstill during the initial days of the pandemic, affecting companies operating in this sector. The global freight market declined at a CAGR of 2.5% last year.
Updated Jan 09, 2021 | 13:15 IST
The Federal Reserve Bank of Dallas appointed Bob V Patel to its Houston branch s board of directors for a term ending December 31, 2023. Bob Patel with India s Ambassador to US Harsh V Shringla | Photo Credit: Facebook
Dallas: The Federal Reserve Bank of Dallas appointed Indian American Bob V Patel to its Houston Branch board of directors for a term ending December 31, 2023.
Patel, 53, is CEO of Houston-based LyondellBasell, one of the largest plastics, chemicals and refining companies with over 19,500 employees globally. He joined LyondellBasell in 2010 and became CEO in 2015.
Patel joined LyondellBasell in March 2010 and as executive vice president led the restructuring of the company’s O&P – Americas, O&P – Europe, Asia and International (EAI).
Moving on tracing line,
Union Pacific Corporation (NYSE:UNP) need to consider for profitability analysis, in latest session share price swings at $107.74 with percentage change of 0.97%.
The Co has positive 21.20% profit margin to find consistent trends in a firm’s earnings. Gross profit margin and operating profit margin are its sub parts that firm have 81.20% and 36.50% respectively. UNP has returns on investment of 13.60%. The returns on assets were 7.60% that gives an idea about how efficient management is at using its assets to generate earnings. It has returns on equity of 20.90%, which is measuring profitability by disclosing how much profit generates by UNP with the shareholders’ money.