Core Insights - PepsiCo, Inc. shares rose over 4% intraday following fourth-quarter results that surpassed analyst expectations for both earnings and revenue [1] - The company reported adjusted earnings per share of $2.26, exceeding the consensus estimate of $2.24, and revenue of $29.34 billion, above the expected $28.98 billion [1] Financial Performance - Organic revenue increased by 2.1% during the quarter, indicating a sequential acceleration in both reported and organic growth, driven by improvements in North American and international operations [2] - Reported revenue grew by 5.6% year over year, while core constant-currency EPS rose by 11% [2] Future Outlook - PepsiCo reaffirmed its 2026 outlook, projecting organic revenue growth of 2% to 4% and core constant-currency EPS growth of 4% to 6% [3] - The company announced a 4% increase in its annualized dividend to $5.92 per share, marking the 54th consecutive annual dividend increase [3] Regional Performance - Regional performance varied, with Europe, the Middle East, and Africa achieving 12% revenue growth, while PepsiCo Foods North America grew by 1.5% [4] - The company introduced a new $10 billion share repurchase program, which will extend through February 2030 [4]

Core Viewpoint - PepsiCo has ended a streak of profit declines by beating fourth-quarter earnings expectations and increasing its dividend by 4%, despite lowering its profit growth outlook [1] Earnings Results - PepsiCo's stock experienced a pullback in early trading following a lowered profit-growth outlook, even after reporting stronger-than-expected earnings [1] - The company reported strength in its international businesses, contributing to the earnings beat [1] - Revenue growth exceeded Wall Street projections due to increased pricing, although the volume of products sold declined compared to the previous year [1] - The decline in volume was attributed to weakness in convenient foods, which offset gains in the beverage segment [1]

Core Insights - PepsiCo reported higher profit and revenues in its fourth quarter, exceeding market estimates, and maintained its fiscal 2026 outlook with growth expectations [1][2] - The company announced a 4 percent increase in its annualized dividend to $5.92 per share and a share buyback program of up to $10 billion [3][4] Financial Performance - Net income attributable to PepsiCo rose to $2.54 billion from $1.52 billion year-over-year, with earnings per share increasing 68 percent to $1.85 from $1.11 [3] - Core earnings per share were $2.26, compared to $1.96 last year, surpassing analysts' expectations of $2.24 [4] - Net revenue for the quarter grew 5.6 percent to $29.34 billion from $27.78 billion, with organic revenue increasing by 2.1 percent [4] Future Outlook - For fiscal 2026, PepsiCo expects organic revenue growth between 2 and 4 percent and core constant currency earnings per share growth between 4 and 6 percent [2] - The company aims to enhance growth by restaging global brands, introducing product innovations, and improving productivity savings [2]

Core Insights - Chevron reported fourth-quarter adjusted earnings of $3.0 billion, or $1.52 per share, exceeding analyst expectations of $1.45 per share, despite revenue falling short of forecasts at $46.87 billion compared to the expected $47.15 billion [2][4] - The company's earnings declined from $3.6 billion, or $2.06 per share, in the same period last year, primarily due to lower crude prices [2][3] Financial Performance - Worldwide net oil-equivalent production increased by 20.7% year over year to 4,045 thousand barrels of oil equivalent per day, driven by the Hess acquisition and production growth in the Permian Basin and the Gulf of Mexico [3] - Chevron generated $10.8 billion in cash flow from operations during the quarter and $4.2 billion in adjusted free cash flow [3] - For the full year 2025, Chevron reported operating cash flow of $33.9 billion, marking the highest in its history at comparable commodity prices [3] Dividend and Cost Management - Chevron announced a 4% increase in its quarterly dividend to $1.78 per share, extending its streak of annual dividend increases to 39 consecutive years [4] - The company achieved its initial $1 billion synergy target from the Hess integration and delivered $1.5 billion in structural cost reductions in 2025, as part of a broader plan to cut costs by $3 billion to $4 billion by the end of 2026 [4]

Core Viewpoint - Air Products and Chemicals, Inc. reported strong financial results for its fiscal first quarter, demonstrating resilience in challenging market conditions and maintaining a positive outlook for the fiscal year 2026 [2][3][4]. Financial Performance - The company achieved an EPS of $3.16, exceeding the estimated $3.04, and revenue reached approximately $3.1 billion, surpassing the estimated $3.05 billion [2][6]. - The GAAP EPS was reported at $3.04, marking a 10% increase year-over-year, while GAAP operating income rose to $735 million, a 14% increase from the previous year [3]. - Adjusted EPS of $3.16 and adjusted operating income of $757 million reflect a 12% rise, indicating robust financial health [3]. Guidance and Projections - Air Products is maintaining its full-year adjusted EPS guidance for fiscal 2026, projected to be between $12.85 and $13.15 [4][6]. - For the second quarter, the adjusted EPS is expected to range from $2.95 to $3.10 [4]. Strategic Initiatives - The company is engaged in advanced negotiations with Yara International for low-emission ammonia projects and has secured a $140 million contract with NASA for liquid hydrogen supply [5]. - Air Products increased its quarterly dividend to $1.81 per share, marking the 44th consecutive year of dividend increases [5]. - The company has a strong liquidity position, with a current ratio of 1.38, supporting its strategic initiatives for future growth [5].

Core Viewpoint - CN has announced a 3% increase in its 2026 dividend and a new share repurchase program, reflecting strong cash flow and a disciplined capital management approach [1][2]. Dividend Announcement - The Board of Directors approved a quarterly dividend of C$0.9150 per common share, to be paid on March 31, 2026, to shareholders of record by March 10, 2026 [6]. Share Repurchase Program - The new normal course issuer bid (Bid) allows CN to repurchase up to 24 million common shares, representing 3.9% of the total shares outstanding as of January 22, 2026 [2][4]. - The Bid will run from February 4, 2026, to February 3, 2027, and will include various methods of share acquisition, subject to regulatory approvals [3][4]. - The previous share repurchase program, which allowed for the purchase of up to 20 million shares, is set to expire on February 3, 2026, with 15,250,222 shares repurchased at an average price of C$134.44 [5].

Core Viewpoint - Truxton Corporation has announced a significant increase in its quarterly cash dividend, reflecting strong financial performance and a commitment to returning value to shareholders [1] Dividend Announcement - The Board of Directors approved a quarterly cash dividend of $0.88 per common share, payable on March 24, 2026, to shareholders of record as of March 10, 2026 [1] - This represents a 76% increase over the 2025 regular quarterly dividend of $0.50 [1] - The annualized dividend of $3.52 is 17% higher than the total of $3.00 per share paid in 2025 [1] - Truxton Corporation has increased its dividends for fourteen consecutive years [1] Stock Repurchase Program - The Board has authorized a stock repurchase program allowing the Corporation to acquire up to $5 million of its common shares over a one-year period following the release of fourth quarter earnings [2] - Shares may be purchased in open-market or private transactions at management's discretion, subject to applicable securities laws [2] Program Flexibility - The share repurchase program can be extended, modified, amended, suspended, or discontinued at the Corporation's discretion [3] - The timing, number, and value of shares to be purchased will depend on various factors, including stock price performance and capital planning considerations [3] Company Overview - Truxton is a provider of wealth, banking, and family office services for wealthy individuals and their business interests [4] - Founded in 2004 in Nashville, Tennessee, Truxton emphasizes customized solutions for complex financial needs [4]

Core Viewpoint - Stifel Financial Corp. announced a three-for-two stock split and an increase in its common stock dividend, reflecting strong market performance and growth prospects [1][2][3]. Stock Split Details - The Board of Directors declared a three-for-two stock split in the form of a 50% stock dividend, effective February 26, 2026, for shareholders of record as of February 12, 2026 [1]. - Post-split, the company will have approximately 155 million shares outstanding, up from about 103 million [1]. Dividend Information - A cash dividend of $0.51 per share was declared, representing an 11% increase, marking the ninth consecutive annual increase in the common stock dividend [2]. - Following the stock split, the quarterly dividend for 2026 will equate to $0.34 per common share [2]. Management Commentary - The Chairman & CEO of Stifel Financial Corp. stated that the stock split and dividend increase are intended to reward existing and long-term investors, reflecting the board's confidence in the company's ability to drive long-term shareholder value [3]. Preferred Stock Dividends - The Board also declared cash dividends for its Series B, C, and D Non-Cumulative Perpetual Preferred Stocks, payable on March 16, 2026, to shareholders of record on March 2, 2026 [4]. - The declared cash dividends are approximately $0.390625 per share for Series B, $0.3828125 per share for Series C, and $0.281250 per share for Series D [4]. Company Overview - Stifel Financial Corp. is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services [5]. - Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates over 400 offices across the United States and in major global financial centers [5].

Earnings Reports - Boeing (BA) reported a Q4 loss of -$1.91 per share after excluding a one-time sale of Digital Aviation Solutions for $10.55 billion, with revenues up +57% year over year to $23.95 billion [1] - UnitedHealth (UNH) beat earnings estimates by 2 cents at $2.11 per share, but revenues fell slightly by -0.04% to $113.22 billion, leading to a pre-market share drop of -15% [2] - General Motors (GM) exceeded earnings expectations with $2.51 per share, a +14% beat, and reported quarterly revenues of $45.29 billion, down -1.83%, while announcing a +20% increase in dividends [3] - United Parcel Service (UPS) posted earnings of $2.38 per share on revenues of $24.48 billion, beating estimates by +7.2% and +1.95% respectively, although shares were trading modestly down after initial gains [4] Market Expectations - January Consumer Confidence is anticipated to be reported at 90, slightly above the previous month's 89.1, but still below the 100 points average seen over the past four years, reflecting consumer strain from a delicate labor market and policy shifts [5] Upcoming Earnings - Texas Instruments (TXN) is expected to report Q4 earnings with flat year-over-year growth but a +10.7% increase in revenues, continuing a streak of eight consecutive quarterly earnings beats, with the stock up +13% since the start of the year [6]

Core Viewpoint - Weatherford International plc has announced a quarterly cash dividend of $0.275 per share, marking a 10% increase from the previous quarter, reflecting the company's strong business performance and commitment to returning value to shareholders [1][2]. Financial Performance - The declared dividend of $0.275 per share is payable on March 5, 2026, to shareholders of record as of February 6, 2026 [1]. - The 10% increase in the dividend indicates a positive trend in the company's financial health and operational execution [1][2]. Strategic Focus - The CEO of Weatherford emphasized that the dividend increase is a result of a healthy balance sheet, disciplined capital allocation, and strong free cash flow generation [2]. - The company remains committed to investing in long-term growth while returning value to shareholders [2]. Company Overview - Weatherford provides innovative energy services that combine proven technologies with advanced digitalization to maximize value and return on investment [2]. - The company operates in approximately 75 countries with around 17,000 employees from over 110 nationalities across 310 operating locations [2].