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.
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.
Visit www.spglobal.com/proxy for more information.
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.
A10 Networks will replace Ferro Corp in the S&P SmallCap 600, effective April 26, 2022. This change follows Ferro's acquisition by Prince International Corp., closing the same day. A10 Networks (ATEN) operates in the Information Technology sector, likely benefiting from increased visibility and investment opportunities within the index.
S&P Global Market Intelligence has added the NATF standard for utilities to its KY3P® solution, enhancing third-party risk management. Con Edison is the first utility to adopt this solution, utilizing the NATF "Energy Sector Supply Chain Risk Questionnaire" for supplier risk assessments. This integration streamlines due diligence and improves efficiency in risk management. The NATF tool aims to ensure regulatory compliance and drive consistency across suppliers in the energy sector. Both S&P Global and NATF officials emphasize the importance of standardized risk assessments to enhance operational cost savings.
S&P Global Commodity Insights has partnered with Plastics Recyclers Europe (PRE) to bolster the transparency of the recycled plastics market. This collaboration will provide PRE members access to key Platts Polymer Prices and market information, alongside live event collaborations, joint webinars, and workshops. Shelley Kerr, Global Head of Petrochemicals Markets, emphasized the importance of this partnership in navigating the sustainability challenges in petrochemicals. The plastics recycling sector in Europe, valued at over €3 billion, is crucial for the transition to a circular economy.
S&P Dow Jones Indices and Experian reported that consumer credit defaults have risen through March 2022. The composite rate increased two basis points to 0.48%. The bank card default rate saw a significant rise of 12 basis points to 2.27%, while the auto loan default rate increased to 0.56% and the first mortgage rate reached 0.35%. Most major metropolitan areas recorded higher default rates, with New York experiencing the largest increase at 0.80%.