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 Mobility has introduced the Certified Polk Data Partner program to recognize marketing partners who effectively use Polk Automotive Solutions products in significant advertising campaigns. The inaugural partners include CF Search Marketing, Drive Auto, and Octane Marketing, which demonstrated expertise in data-driven strategies. This program offers partners exclusive training, early access to new audience segments and product updates, aiming to enhance campaign performance and drive sales for clients. The initiative underscores S&P Global Mobility's commitment to leveraging automotive data for greater market impact.
First Mortgage Default Rate Rises
The S&P/Experian Consumer Credit Default Indices report a rise in the composite default rate to 0.53% as of June 2022, marking its highest level since September 2020. The bank card default rate increased to 2.55% and auto loan defaults rose to 0.62%. In major metropolitan areas, Miami saw the largest increase, reaching 0.99%. Notably, the first mortgage default rate is now at 0.38%, up from 0.36% in May 2022.
Carfax highlights ways for drivers to improve fuel efficiency and save on gas expenses as prices average nearly $5 per gallon. By following maintenance and driving tips, such as proper tire inflation and regular oil changes, drivers could save up to $600 annually based on an average of 12,000 miles driven at 25 mpg. The press release emphasizes that a well-maintained vehicle not only improves gas mileage but can also add $2,000 in resale value.
S&P Global Market Intelligence has launched PVR Source, a new diligence platform designed to assist clients in managing compliance with SEC Rule 2a-5, which takes effect on September 8, 2022. The platform offers vital resources including pricing methodologies, due diligence documentation, and back-testing reports. It aims to provide transparency and support detailed vendor diligence. Executive Director Krishna Shetty emphasizes the importance of transparency in vendor processes for fair value pricing. The platform was developed using feedback from significant buyside firms and fund administrators.
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The Platts Global Metals Awards announced 110 finalists from 22 countries for its tenth annual event, showcasing achievements in 17 categories. Organized by S&P Global Commodity Insights, the awards highlight innovations in energy transition and sustainability within the metals sector. Winners will be revealed at a gala on October 27 in London. The event signifies the industry's standards and acknowledges significant contributions to greener production and technological advancements.
S&P Global (NYSE: SPGI) will announce its second quarter 2022 results on August 2, 2022, at approximately 7:15 a.m. EDT. A conference call, hosted by President and CEO Douglas L. Peterson and CFO Ewout Steenbergen, will follow at 8:30 a.m. EDT. Investors can access the live webcast and archived replay through the Investor Relations website. This session may include forward-looking information.
S&P Global provides critical data and analytics, essential for informed decision-making across various sectors, including finance and energy.
automotiveMastermind, part of S&P Global Mobility, announced a new update for its Mastermind platform that integrates open recall data. This feature enables dealerships to identify customers with outstanding recalls, encouraging them to schedule repairs. By displaying recall titles, descriptions, and remedies, the platform allows dealers to communicate effectively and enhance customer relationships. This update aims to bolster customer loyalty and increase sales opportunities in a competitive market, providing personalized messaging and emphasizing vehicle safety.
S&P Dow Jones Indices reported that U.S. common indicated dividends increased by $17.6 billion in Q2 2022, marking a decrease from $18.2 billion in Q1 but an increase from $12.9 billion in Q2 2021. The total for the 12-month period ending June 2022 reached $89.8 billion, up 54.7% year-over-year. Dividend decreases fell to $15.1 billion, down from $20.0 billion in the previous year. Cash dividends per share reached a record $16.63, up 2.3% from Q1 2022. S&P 500 dividends increased by 14.1% compared to Q2 2021, signaling continued growth.
S&P Global Commodity Insights and Pexapark have partnered to create co-branded renewable energy price indices, enhancing transparency and risk assessment in renewable energy markets. The new indices will leverage Pexapark's pricing data and S&P's benchmark expertise, facilitating growth in renewable power purchase agreements (PPAs). This collaboration aims to establish crucial price benchmarks to support investment in sustainable energy, essential for corporate and government energy transition strategies. The indices will cover assessed prices for solar and wind PPAs, driving efficiency in the renewable energy market.