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 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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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.
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%.
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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.