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. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
S&P Global (NYSE: SPGI) reported Q1 2021 results with revenue at $2,016 million, a 13% increase year-over-year. Net income rose 18% to $755 million, while diluted EPS climbed 19% to $3.12. Adjusted net income was $820 million, and adjusted diluted EPS was $3.39. Major revenue growth was noted across all segments, particularly in Ratings with a 23% increase. The operating profit margin improved to 53.6%. The company returned $186 million to shareholders in dividends. Adjusted diluted EPS guidance for 2021 has been increased to $12.55-$12.75.
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The latest Global Bank Ranking by S&P Global Market Intelligence shows that the largest banks in the Asia Pacific have maintained their dominance in 2020 despite the COVID-19 pandemic. The top five banks, including Industrial & Commercial Bank of China and Mitsubishi UFJ Financial Group, remain unchanged. China's banks benefited from a quicker economic recovery, with assets increasing by 17.66% to $30.458 trillion. Notably, JPMorgan Chase regained its position as the sixth-largest bank, while HSBC dropped to eighth.
S&P Dow Jones Indices and Experian announced the March 2021 data for the S&P/Experian Consumer Credit Default Indices, revealing a composite rate increase of one basis point to 0.54%. Notable changes included a 22 basis point rise in bank card defaults to 3.15% and a 3 basis point decrease in auto loan defaults to 0.48%. Default rates increased in four of five major metropolitan areas, with Miami reaching 1.23% and Los Angeles at 0.50%.
S&P Global Market Intelligence has launched new enhancements to the S&P Global Marketplace, enabling users to analyze and visualize traditional and alternative data. Key features include over 25 new datasets, the Workbench collaborative analytics platform, and a new machine learning solution named Kensho NERD. This upgrade enhances user experience with pre-built notebooks and improved data exploration capabilities, developed in collaboration with Databricks, streamlining data analysis for clients.
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