S&P Global Stock Price, News & Analysis

The 2023 Financial Institutions Industry Outlook report by S&P Global Market Intelligence discusses the impact of rising interest rates on the financial sector. The report indicates that while higher rates benefit bank margins, they also raise concerns about loan losses and a potential recession. Key insights include predicted bank margin increases to 2.77% in 2022 and expectations for credit costs to normalize in 2023. Additionally, inflation will likely affect underwriting profitability in property and casualty insurance, while fintech startups face capital access challenges due to the changing economic landscape.

On October 31, 2022, S&P Global Mobility published a report highlighting the challenges faced by the electric vehicle (EV) industry due to geopolitical instability and supply chain issues. Rising prices of critical battery metals threaten profit margins for suppliers and manufacturers. To meet ambitious sales goals, the industry must scale to meet a projected demand of 3.4 Terawatt hours (TWh) of lithium-ion batteries by 2030, up from just 0.29 TWh in 2021. The report also notes a significant reliance on raw materials from China, posing risks for OEMs in diversifying their supply chains.

S&P Global Mobility reports that as the average age of light vehicles in the US reaches 12.2 years, the aftermarket sector is poised for growth. The company cites ongoing supply chain challenges, impacting new vehicle sales and expected pent-up demand due to inflationary pressures. Despite a slow recovery in container shipping, risks remain, including potential strikes and COVID-related disruptions. Insights will be shared during the AAPEX and SEMA events in Las Vegas, highlighting trends affecting the aftermarket industry and the economic landscape.

Ukraine's Energy Minister, Herman Halushchenko, discussed the impact of Russian attacks on Ukraine's energy infrastructure in an interview with S&P Global Commodities Insights' Carlos Pascual. Over 30% of Ukraine's power generation capacity is reportedly destroyed. Halushchenko highlighted that current Russian gas flows through Ukraine are significantly below contracted levels, emphasizing the strategic use of energy in warfare. Additionally, Ukraine's underground gas storage remains secure, offering potential energy solutions for Europe. The interview sheds light on the ongoing challenges faced by Ukraine's energy sector amidst the conflict.

S&P Global (SPGI) reported a 37% year-over-year increase in revenue to $2.86 billion but faced a 9% decline compared to pro forma revenue. Diluted EPS fell 44% to $1.84, with operating profit margin dropping 2,210 basis points to 29.8%. Adjusted revenue decreased 8% compared to non-GAAP pro forma figures. The company returned over $11 billion to shareholders via buybacks and dividends and is updating both GAAP and non-GAAP guidance for 2022, projecting a 30% revenue increase.

S&P Dow Jones Indices reported a significant deceleration in U.S. home prices for August 2022. The S&P CoreLogic Case-Shiller National Home Price Index showed a 13.0% annual gain, down from 15.6% in July. All 20 cities tracked experienced lower price increases year-over-year, with Miami leading at 28.6%. Month-over-month, the U.S. National Index dropped -1.1%, marking the largest historical deceleration. Rising interest rates are making housing less affordable, posing challenges for future price growth.

S&P Global (NYSE: SPGI) released a new research report highlighting the leadership styles of women CEOs, particularly during economic uncertainty. The report, titled Women CEOs: Leadership for a Diverse Future, indicates that women leaders increasingly prioritize diversity, empathy, adaptability, and transformation in their communication. Key findings include a rise in the share of women CEOs to 5.4% in 2022 and a notable shift towards positive communication styles. The study emphasizes the effectiveness of women's leadership approaches in fostering a productive and sustainable workplace culture.