S&P Global Stock Price, News & Analysis

The sentiment level among S&P 500 firms has declined for three consecutive earnings seasons, but remains higher than during previous crises. A recently published report by S&P Global Market Intelligence reveals that firms' guidance for Q4'22 is stable, with expectations for revenue and profitability growth at historical averages. Interest rates are now the primary concern, overshadowing previous worries about supply chain issues and inflation. Notably, banks showed a significant drop in sentiment to a rank of 25, indicating muted expectations as they kick off the new season.

S&P Dow Jones Indices reported a decline in U.S. home prices for November 2022, marking the fifth consecutive month of decreases. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed a 7.7% annual gain, down from 9.2% the previous month. Month-over-month, there was a -0.6% decrease in the National Index, with all 20 cities experiencing declines. Miami, Tampa, and Atlanta reported the highest year-over-year gains at 18.4%, 16.9%, and 12.7%, respectively. Economic factors, including rising interest rates, may continue to challenge home prices.

S&P Global Market Intelligence has launched Country Risk Scores and economic insights on its S&P Capital IQ Pro platform, enhancing its data and analytics offerings. This new feature includes a forward-looking country risk scoring system assessing the investment environment in 200 countries. Users will benefit from high-level country scores and access to macroeconomic indicators. The platform aims to help clients navigate economic uncertainties and geopolitical risks, particularly with expected recessions in Europe and North America. The enhancements also offer improved data visualizations and will soon incorporate additional macroeconomic indicators.

automotiveMastermind, part of S&P Global Mobility, announced a new integration with DealerSocket, enhancing dealership operations. The integration focuses on automating the notes feature within Mastermind’s platform, allowing dealers to efficiently track customer interactions and maintain a complete record in their CRM systems. This first phase aims to streamline operations and improve customer relationship management, enabling dealers to save time and increase visibility into their sales processes. The collaboration aligns with aM's strategic focus on beneficial integrations for 2023.

On January 28, 2023, CARFAX released data revealing trends in vehicle accidents across the U.S. Georgia recorded the highest accident rate, followed by Kentucky and South Carolina. Conversely, Oregon led in the fewest accidents per 1,000 vehicles, trailed by Hawaii and Alaska. CARFAX estimated that vehicles with damage history lose about $400 in wholesale value and over $500 in retail value. Severe damage can cause losses exceeding $2,000 wholesale and $2,700 retail. Approximately 40% of U.S. vehicles have some damage, impacting their resale value significantly.

automotiveMastermind has formed a strategic partnership with Orbee to enhance customer data analytics in the automotive sector. This collaboration integrates Orbee's Customer Data Platform with aM's marketing automation solutions, enabling dealer partners to leverage first-party data for improved customer personalization and engagement. The integration allows for real-time insights into customer behavior across various touchpoints, aiming to optimize loyalty and conversion strategies. Executives from both companies highlight the significance of this partnership in evolving dealership operations while enhancing data-driven decision-making.

S&P Global Market Intelligence's latest report on community banking indicates that rising funding costs and liquidity pressures will hinder net interest margin growth in 2023. The report highlights that community banks are expected to rely increasingly on wholesale funding and certificates of deposit, leading to higher deposit costs. Notably, the projected deposit beta for 2023 is 28%, significantly up from 10% in 2022. Additionally, net charge-offs are anticipated to rise to 0.19% of average loans, and provisions are set to increase to 11.8% of net revenue. The findings suggest a challenging financial landscape for community banks moving forward.

CARFAX Car Care has reached a significant milestone with over 30 million consumers utilizing its service to manage approximately 43 million vehicles. Since its inception in 2011, it has assisted in servicing over 65 million vehicles. The platform, which offers reminders for maintenance and safety recalls, attracts more than half a million new users monthly. Users report improved vehicle maintenance and potential resale value increases of around $2,000 on average for well-maintained cars. CARFAX for Life enhances dealer service revenue and customer loyalty, leveraging the trusted CARFAX brand.