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. (NYSE: SPGI) is a finance and insurance sector company that describes its mission as providing essential intelligence through credit ratings, benchmarks, analytics and workflow solutions. The SPGI news stream highlights how the company’s data and insights intersect with capital markets, commodities, energy transition, artificial intelligence and the automotive sector.
News about S&P Global often covers corporate actions and capital allocation, such as Board-approved dividend increases and the company’s long history of annual dividend payments. Updates can also include announcements about planned or completed transactions, such as the sale of specific businesses or the expected separation of the S&P Global Mobility division into an independent public company.
Another key theme in SPGI news is research and market studies. For example, S&P Global has released a detailed study on copper in the age of AI, examining how electrification, digitalization, data centers and defense spending could affect copper supply and demand through 2040. These reports draw on proprietary data and cross-divisional expertise from areas such as S&P Global Energy and Market Intelligence.
News items also highlight regulatory and governance developments, including settlements involving S&P Global Ratings and the appointment of new directors to the company’s Board. In addition, readers will find coverage of philanthropic and workforce initiatives like the StepForward program, which focuses on AI-enabled workforce readiness for youth, and updates from CARFAX, part of S&P Global Mobility, on topics such as odometer fraud trends.
Investors, analysts and other stakeholders can use the SPGI news page to follow how S&P Global’s ratings, indices, research, financing activities and governance decisions evolve over time and how the company positions itself around themes such as AI, energy transition and global capital markets.
S&P Global Ratings reported on May 18, 2022, that the current global credit landscape is challenged by persistent inflation, geopolitical tensions, and ongoing COVID-19 lockdowns in China. Although credit ratings remain stable, there are warning signs of potential distress among U.S. speculative-grade borrowers. The outlook could worsen if household incomes decline and financing conditions tighten further. The report underscores the heightened risks of recession if global conditions do not improve, especially in light of the prolonged conflict in Ukraine and strict Chinese measures against COVID-19.
S&P Global has updated its economic growth forecasts, expecting a decline in U.S. growth by 80 basis points to 2.4%, eurozone growth to drop by 60 basis points to 2.7%, and China's growth to fall by 70 basis points to 4.2%. The adjustments are attributed to worsening macroeconomic conditions, including the prolonged Russia-Ukraine conflict, rising energy prices, and persistent inflation, which is now broader and more sustained than previously anticipated. The outlook remains cautious, with risks skewed to the downside.
S&P Global Ratings announced the formation of a new Decentralized Finance (DeFi) strategy group to enhance its approach to decentralized markets. Led by Chuck Mounts as Chief DeFi Officer, the initiative aims to integrate insights from traditional capital and crypto-native markets, addressing the evolving dynamics in capital markets. This development reflects the growing interest in DeFi and its potential to disrupt established financial frameworks. The team will support both institutional and crypto-native clients by leveraging S&P's analytics and risk assessment capabilities.
Auto Loan Default Rate Hits Highest Since December 2020
According to data released by S&P Dow Jones Indices and Experian for April 2022, the composite credit default rate rose to 0.50%, marking a two basis point increase. The auto loan default rate also saw a rise, reaching 0.58%, up two basis points. The bank card default rate surged to 2.52%, a 25 basis point increase. Notably, Miami reported the highest regional default rate at 0.80%. This marks the fifth consecutive month of increase in the composite rate, indicating potential concerns about consumer credit health.
D.A. Davidson has committed to enhancing its marketing and digital transformation efforts within its Investment Banking and Institutional Equities divisions. The firm has appointed Andreea Popa as the head of Equity Capital Markets Marketing to spearhead a strategic marketing plan aimed at growth across key industry verticals including consumer, diversified industrials, technology, and financial institutions. With over 20 years of experience, Popa will focus on increasing visibility and supporting business development initiatives.
Douglas L. Peterson, President and CEO of S&P Global (NYSE: SPGI), will speak at the Barclays Americas Select Conference on May 10, 2022, at 11:00 a.m. BST (6:00 a.m. EDT). The session will feature a 'fireside chat' format and will be web-broadcasted, including potential forward-looking information. Live and replay access will be available through S&P Global's Investor Relations website, with a replay lasting until May 9, 2023. S&P Global provides essential intelligence across various markets.
Catalytic converter thefts have surged by approximately 977% from 2018 to 2020, with over 14,000 reported incidents. CARFAX highlights the top ten vehicles targeted by thieves, including 1985-2021 Ford F-Series trucks and 1989-2020 Honda Accords. To combat this issue, CARFAX recommends strategies for consumers, such as parking in well-lit areas and installing anti-theft devices. The insights are based on data from over 60,000 service reports collected since 2019, facilitating awareness and prevention for vehicle owners against costly replacements.
S&P Global (NYSE: SPGI) reported Q1 2022 revenue of $2.39 billion, an increase of 18% year-over-year. Diluted EPS rose 43% to $4.47, with adjusted EPS slightly up by 0.3% to $2.89. A significant increase in operating profit margin to 79.2% was noted, mainly due to merger impacts. However, Ratings division revenue fell 15% due to decreased debt issuance. The company aims to return $12 billion to shareholders via an accelerated share repurchase program and updated its revenue growth expectations to over 40% for 2022, while revising adjusted EPS guidance downward to $13.00-$13.25.
S&P Global (NYSE: SPGI) will hold its Annual Meeting of Shareholders on May 4, 2022, at 11:00 a.m. EDT, in a virtual-only format. Shareholders received proxy materials with instructions for attendance, voting, and questions. Chairman Richard Thornburgh and CEO Douglas L. Peterson will lead discussions, which may include forward-looking information. Details about attending, obtaining control numbers, and submitting questions are available online. A webcast replay will be accessible for one year following the meeting.
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S&P Dow Jones Indices reported that the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index experienced a 19.8% annual gain in February 2022, an increase from 19.1% in January. The 10-City Composite rose to 18.6%, while the 20-City Composite increased to 20.2%. Notably, Phoenix saw the highest increase at 32.9%, followed by Tampa at 32.6% and Miami at 29.7%. Month-over-month, the U.S. National Index surged by 1.7% before seasonal adjustments. However, analysts warn that the ongoing macroeconomic changes may impact future home price growth.