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.
automotiveMastermind, a leading automotive data and technology provider, has unveiled enhancements to its Behavior Prediction Score (BPS) solution and redesigned the Customer Deal Sheet interface. The updates include new machine learning and predictive data algorithms that offer deeper consumer insights. The enhanced BPS introduces three new scores: in-market status, vehicle details, and deal score. These improvements help dealers identify priority customers, preferred vehicles, and potential transaction types.
The redesigned Customer Deal Sheet organizes these new scores with talk tracks in an optimized workflow for sales communication. This update aims to empower sales teams to create timely and effective outreach to prospects most likely to be in the market. The expanded BPS intelligence solution and Customer Deal Sheet are available at no additional cost to all Mastermind customers.
Perficient (NASD:PRFT) will be removed from the S&P SmallCap 600 and Crescent Energy (NYSE:CRGY) will be added effective prior to the open on October 4, 2024. The change reflects an index reconstitution: Crescent Energy is added to the SmallCap 600 and Perficient is deleted.
EQT Group is reported to be acquiring Perficient, with the transaction expected to close pending final conditions.
Summary not available.
S&P Dow Jones Indices will reshuffle small‑ and mid‑cap indexes effective prior to trading on October 1 and October 2, 2024. The Ensign Group (ENSG) moves into the S&P MidCap 400; Curbline Properties (CURB) and TransMedics (TMDX) join the S&P SmallCap 600.
Chesapeake Energy (CHK) is acquiring Southwestern Energy (SWN) in a deal expected to complete October 1, prompting SWN's removal and Cross Country Healthcare (CCRN) to be deleted October 2.
S&P Global (NYSE: SPGI) has announced its schedule for the release of third quarter 2024 financial results. The earnings will be issued via news release on Thursday, October 24, 2024, at approximately 7:15 a.m. Eastern Daylight Time. Following the release, a conference call and webcast will be held at 8:30 a.m. EDT on the same day.
The call will be hosted by key executives including Douglas L. Peterson (President and CEO), Christopher Craig (Interim CFO), Mark Grant (Senior VP, Investor Relations), and Martina Cheung (President of S&P Global Ratings). Notably, Ms. Cheung has been appointed as the new President and CEO of S&P Global, effective November 1, 2024.
S&P Global Mobility expects U.S. light vehicle sales in September to decline by approximately 12% year-over-year to 1.18 million units. However, this translates to a seasonally adjusted rate (SAAR) of 16.0 million units, up from 15.2 million in August. The auto demand environment remains consistent but unmotivated due to high interest rates and vehicle prices.
Dealer advertised inventory has leveled out since spring, reaching 2.88 million units at the end of August. With 2025 model year vehicles becoming more available, pressure to sell remaining 2024 stock will increase. S&P Global Mobility has lowered its 2024 U.S. sales outlook to 15.9 million units and North American production outlook to 15.5 million units.
Battery-electric vehicle (BEV) sales continue to show strong development, with share of sales above 8% in June and July. New BEV models like the Chevrolet Equinox EV and Honda Prologue are expected to drive further growth in the fourth quarter.
S&P Global Commodity Insights, through its Platts division, is launching the world's first daily carbon-accounted iron ore price assessments on September 30, 2024. This new offering includes:
- A daily carbon-accounted iron ore assessment incorporating the Platts global benchmark 62% Fe iron ore index (IODEX)
- A carbon intensity premium reflecting the cost of offsetting greenhouse gas emissions in mining and transportation
- Carbon intensity estimates for the iron ore supply chain
The launch aims to support the steel industry's decarbonization efforts and meet evolving regulatory requirements. This initiative complements Platts' existing Carbon-Accounted Steel Premium (CASP) offerings and addresses the significant carbon footprint of iron and steel production, which accounts for nearly 7% of global greenhouse gas emissions.
Amentum (NYSE:AMTM) will join the S&P 500 effective prior to the open on Sept 30, 2024, replacing Bath & Body Works (NYSE:BBWI). Bath & Body Works will move to the S&P SmallCap 600 prior to the open on Oct 1, 2024, replacing Movado (NYSE:MOV).
Jacob's Solutions (NYSE:J) is spinning off its Critical Mission Solutions and Cyber Intelligence business, which will merge with private Amentum to create the newly public Amentum Holdings in a transaction expected to complete on Sept 30, 2024. S&P Dow Jones Indices says Bath & Body Works is no longer representative of the large-cap market space and Movado is no longer representative of the small-cap market space.
S&P Global (NYSE: SPGI) has announced its fourth quarter dividend for 2024. The Board of Directors approved a cash dividend of $0.91 per share, payable on December 11, 2024, to shareholders of record on November 26, 2024. This brings the annualized dividend rate to $3.64 per share. S&P Global has maintained a consistent dividend payment record since 1937 and is among the select few companies in the S&P 500® that have increased their dividend annually for over 50 years.
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.0% annual gain for July 2024, down from 5.5% in the previous month. The 10-City and 20-City Composites saw annual increases of 6.8% and 5.9% respectively, both lower than the previous month. New York led with the highest annual gain of 8.8%, followed by Las Vegas (8.2%) and Los Angeles (7.2%).
The National Index has seen 14 consecutive record highs, accounting for seasonality. However, growth is decelerating, with all but two markets slowing down last month. Low-price tiers in most markets outperformed on 3 and 5-year horizons, with Tampa's low-price tier showing the best 5-year performance nationally at 88%.
Regionally, the Northeast remains the best performing market, followed by the Midwest. All markets in these regions recorded all-time highs. The South reported the slowest gains but includes five of the seven best-performing markets since 2020.