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.
S&P Global Inc. (NYSE: SPGI) is a finance and insurance sector company that describes its mission as providing essential intelligence through credit ratings, benchmarks, analytics and workflow solutions. The SPGI news stream highlights how the company’s data and insights intersect with capital markets, commodities, energy transition, artificial intelligence and the automotive sector.
News about S&P Global often covers corporate actions and capital allocation, such as Board-approved dividend increases and the company’s long history of annual dividend payments. Updates can also include announcements about planned or completed transactions, such as the sale of specific businesses or the expected separation of the S&P Global Mobility division into an independent public company.
Another key theme in SPGI news is research and market studies. For example, S&P Global has released a detailed study on copper in the age of AI, examining how electrification, digitalization, data centers and defense spending could affect copper supply and demand through 2040. These reports draw on proprietary data and cross-divisional expertise from areas such as S&P Global Energy and Market Intelligence.
News items also highlight regulatory and governance developments, including settlements involving S&P Global Ratings and the appointment of new directors to the company’s Board. In addition, readers will find coverage of philanthropic and workforce initiatives like the StepForward program, which focuses on AI-enabled workforce readiness for youth, and updates from CARFAX, part of S&P Global Mobility, on topics such as odometer fraud trends.
Investors, analysts and other stakeholders can use the SPGI news page to follow how S&P Global’s ratings, indices, research, financing activities and governance decisions evolve over time and how the company positions itself around themes such as AI, energy transition and global capital markets.
S&P Global Platts announced significant changes to the Dated Brent benchmark, incorporating WTI Midland and amending to a delivered Rotterdam basis. Effective from July 2022, this change follows extensive feedback from market participants, highlighting the growing importance of WTI Midland with over 1 million barrels per day in export volumes. The adjustments aim to simplify assessments and enhance the benchmark's robustness, ensuring relevance for the European crude oil market over the next decade.
S&P Global Platts has announced the expansion of its Energy Transition capabilities at the London Energy Forum. This initiative aims to enhance market transparency in the commodities sector. The new offering includes Future Energy Outlooks, a Global Integrated Energy Model covering 143 countries, innovative Energy Transition Price Assessments, and a dedicated Energy Transition News feed. These tools are designed to aid market participants in navigating the complexities of the Energy Transition, allowing for informed investment strategies.
S&P Global has announced the addition of four independent directors from IHS Markit to its board following their merger agreement. The directors, Jacques Esculier, Gay Huey Evans, Robert P. Kelly, and Deborah Doyle McWhinney, are set to join after the transaction's expected closure in H2 2021. Their diverse backgrounds in finance and industry aim to enhance the board's leadership. The merger is anticipated to strengthen S&P Global's market position, but completion depends on various regulatory and shareholder approvals.
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S&P Dow Jones Indices and Experian released the S&P/Experian Consumer Credit Default Indices data for January 2021, showing a composite rate increase of two basis points to 0.48%. The bank card default rate rose by nine basis points to 2.72%, while the first mortgage default rate increased by three basis points to 0.32%. Conversely, the auto loan default rate decreased by eight basis points to 0.56%. Four out of five major metropolitan areas reported higher default rates, with Miami's rate reaching 0.95%.
On February 16, 2021, S&P Dow Jones Indices and Experian announced the January 2021 updates for the S&P/Experian Consumer Credit Default Indices, revealing a composite default rate of 0.48%, an increase of two basis points. The bank card default rate rose to 2.72%, up nine basis points, while auto loan defaults decreased to 0.56%, a decline of eight basis points. First mortgage defaults increased by three basis points to 0.32%. Notably, Miami saw a rise to 0.95%, and New York increased to 0.49%. Data covers approximately $11 trillion in outstanding loans.
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S&P Global (NYSE: SPGI) reported strong fourth-quarter and full-year 2020 results, with Q4 revenue rising 8% to $1.87 billion. Net income, however, fell 16% to $454 million due to lease and restructuring charges. Adjusted net income grew 5% to $654 million, while adjusted earnings per share rose 7% to $2.71. Full-year revenue increased 11% to $7.44 billion, and adjusted EPS was up 23% to $11.69. The pending merger with IHS Markit is expected to enhance future growth. The company returned $1.8 billion to shareholders in 2020, raising the quarterly dividend by 15% to $0.77.