Welcome to our dedicated page for S&P Global news (Ticker: $SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect S&P Global's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of S&P Global's position in the market.
Chinese banks maintained their dominance in the global largest lender rankings of 2023 despite a downturn in the property sector. Industrial and Commercial Bank of China remained the world's largest bank, with assets of $6.3 trillion. Agricultural Bank of China surpassed China Construction Bank Corp. to claim second place, with 14.5% loan growth in 2023, showcasing the continued strength of China's banking sector. In the Asia-Pacific region, seven of the eight Japanese banks on the list fell in the ranking. India-based HDFC Bank newly entered the list at 74th position. Among U.S. banks, JPMorgan Chase & Co. remained the fifth-largest bank in the world. European banks also experienced weaker loan growth in 2023, with some of the biggest banks shedding assets.
S&P Global's President and CEO, Doug Peterson, will be participating in the Barclays Americas Select Franchise Conference on May 7, 2024, in London, UK. The session will be webcast, with Mr. Peterson scheduled to speak from 1:30 p.m. to 2:10 p.m. BST.
Pirum and S&P Global Market Intelligence Cappitech have extended their collaboration to cover upcoming SEC 10c-1a regulation, building on the success of their SFTR solution. The new reporting solution will assist clients in meeting reporting obligations efficiently and streamline the process. The collaboration aims to provide a comprehensive and reliable solution to ensure clients' compliance with the new regulation.
S&P Dow Jones Indices reported the February 2024 results for the S&P CoreLogic Case-Shiller Indices, showing a strong upward trend in U.S. home prices. With various metro markets reporting price increases, the National Home Price NSA Index saw a 6.4% annual gain. The 10-City Composite and 20-City Composite also showed significant year-over-year increases. San Diego led in gains, while markets like San Francisco experienced declines. Despite economic uncertainty, home prices are at all-time highs, driven by buyer behavior supported by lower mortgage rates.
S&P Global has successfully completed the acquisition of Visible Alpha, a financial technology provider, enhancing its fundamental investment research capabilities. The integration of Visible Alpha into S&P Capital IQ Pro aims to provide customers with high-quality investment research, estimates, and analytics. The acquisition is seen as a transformative leap for the platform, with Visible Alpha's offerings enriching S&P Global Market Intelligence's division.
DigitalOcean Holdings Inc. (NYSE: DOCN) will replace Agiliti Inc. (NYSE: AGTI) in the S&P SmallCap 600 effective May 7, 2024. Thomas H. Lee Partners L.P. is acquiring Agiliti. The change will be prior to the opening of trading on the effective date.
The Board of Directors of S&P Global (NYSE: SPGI) has declared a cash dividend of $0.91 per share for the second quarter of 2024. The dividend will be payable on June 12, 2024, to shareholders of record on May 29, 2024, with an annualized dividend rate of $3.64 per share. S&P Global has a history of paying dividends since 1937 and is among the few companies in the S&P 500® to increase dividends annually for over 50 years.
S&P Global Market Intelligence's quarterly report reveals that global M&A deal value rose 18.5% year-over-year in Q1 2024, despite the volume falling to its lowest level since Q2 2020. The total value of global M&A deals reached $594.47 billion, indicating ongoing market challenges due to increased interest rates impacting demand. The report highlights a decline in M&A transactions, alongside insights on IPO performance and equity issuance trends.
S&P Global Mobility projects new light vehicle sales volume in April 2024 to reach 1.34 million units, sustaining the spring selling momentum. Despite a drop from the previous month and year-ago levels, the sales pace of 16.0 million units indicates continued growth. Retail inventory is up 65% from last year, with increasing discounts for buyers. The outlook for North American vehicle production is positive, with a 3% increase in sales volume projected for 2024.
The 2024 Private Equity and Venture Capital Outlook by S&P Global Market Intelligence shows resilience and optimism in the industry despite shifting market dynamics. Private equity executives are more optimistic about deal activity in 2024, with increased interest in private credit asset allocations and AI playing a larger role in deal sourcing. The survey reveals that mid-tier and smaller PE firms are more optimistic, LPs are increasing asset allocation to private credit, and GPs are expanding the use of private credit in deal financing. While fundraising outlook has improved for PE firms, VC firms have concerns about LPs reducing their allocation to VC.
