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 third quarter 2020 results with a revenue increase of 9% to $1.846 billion. However, net income fell 26% to $455 million, driven by the debt tender premium and associated fees. Adjusted net income increased 14% to $689 million, and adjusted diluted earnings per share rose 16% to $2.85. The operating profit margin decreased to 51.1%, while adjusted operating profit margin improved to 52.9%. The company returned $172 million to shareholders in the quarter. Guidance for adjusted diluted EPS was raised to $11.30-$11.45.
S&P Global Ratings has completed its registration with the China Securities Regulatory Commission (CSRC), becoming the first wholly foreign-owned Credit Rating Agency able to issue ratings in China's exchange bond market. With this approval, S&P Global Ratings can now rate bonds and asset-backed securities traded in this market, thereby enhancing transparency and trust for global investors. This milestone follows previous achievements, including its first rating published in July 2019. The company aims to support the development of China's capital markets by providing independent and reliable credit ratings.
S&P Global Platts unveiled the finalists for the Leadership in Energy Transition Award, part of its annual Global Energy Awards, set for December 10. This award highlights companies focused on reducing greenhouse gas emissions. The announcement, made by CEO Richard Mattison, emphasized the need for the power sector to lead in emission reductions, as it generates about 25% of global emissions. The 2020 finalists include industry leaders like Dominion Energy and NextEra Energy. Previous winner Iberdrola was recognized for its low emissions and innovative financing.
Summary not available.
Summary not available.
S&P Dow Jones Indices and Experian released the S&P/Experian Consumer Credit Default Indices data for September 2020, showing a composite default rate of 0.63%, a decline of four basis points from August. The bank card default rate decreased to 3.00%, while the auto loan default rate rose slightly to 0.56%. Notably, the first mortgage default rate fell to 0.46%. All major metropolitan areas reported lower default rates, with Miami experiencing the largest drop to 1.80%. Data highlights indicate trends in consumer credit behavior and financial stability.
On October 19, 2020, S&P Global Market Intelligence released a study titled Sweet Spots in the C-Suite, outlining best practices for CEOs to enhance shareholder value. Key findings include that balancing profitability and growth is crucial, as rapid asset growth can harm performance. Insider stock purchases indicate management confidence, benefiting market sentiment. Additionally, smaller M&A deals are preferable to large ones, which can hinder returns. Finally, strategies emphasizing cash return to shareholders through buybacks and dividends yield positive excess returns.
According to a joint study by S&P Global and AARP, nearly 60% of employees in large U.S. companies are dedicating more time to childcare and caregiving since COVID-19. The report, titled Something's Gotta Give, reveals that while family leave policies are expanding, the pandemic is disproportionately impacting women in the workforce. Only 10% of companies offer substantial paid family leave. The research highlights the importance of supportive workplace policies to retain women, especially as caregiving responsibilities rise amidst the pandemic.
S&P Global (NYSE: SPGI) has released its 2020 Investor Fact Book, titled Accelerating Progress in the World, available for download on its website. The document showcases the company’s strategic initiatives to enhance growth, customer value, and productivity. Significant highlights include advancements in sustainability through ESG capabilities, the launch of the S&P Global Marketplace for alternative datasets, and the integration of data science to bolster competitive advantage. Additionally, it contains key investor information such as bond issuance data and S&P Global Ratings' historical performance.
Summary not available.