S&P Global Stock Price, News & Analysis

The 2022 Banking Industry Outlook Report from S&P Global Market Intelligence highlights the impact of government relief efforts during the COVID-19 pandemic on U.S. banks. Excess liquidity created by these initiatives is forecasted to stay above $2.9 trillion through 2023, leading to bank margins remaining below pre-pandemic levels. The report indicates a surge in M&A activity and digital adoption, with 3,609 branch closures in 2021. Despite these challenges, the report notes a strategic shift towards technology investments and scale to compete with fintechs.

FiscalNote Holdings has announced a definitive agreement to merge with Duddell Street Acquisition Corp (DSAC) to become publicly traded on Nasdaq under the ticker 'NOTE'. The combined entity will have a pro forma market capitalization of approximately $1.3 billion. FiscalNote employs advanced AI and machine learning technologies to provide regulatory insights and data to over 3,000 clients including major companies and government entities. The deal is expected to close in Q1 2022, with pro forma revenue estimates and significant growth opportunities in the evolving regulatory landscape.

The 2022 Metals and Mining Outlook from S&P Global Market Intelligence predicts continued recovery in the metals sector into 2022, driven by factors like pent-up consumer demand and government stimulus. Demand growth is expected to keep prices above historical averages through 2025, despite a potential moderation in 2022 due to easing supply constraints. Exploration budgets are projected to increase by up to 15% in 2022, though still below the 2012 peak of $20.5 billion. Key trends include rising copper demand from renewable energy and electric vehicles, alongside potential iron ore price volatility.

Loyalty Ventures (LYLT) will replace Applied Optoelectronics (AAOI) in the S&P SmallCap 600 index, effective November 9, 2021. This change follows the spinoff of Loyalty Ventures from Alliance Data Systems (ADS), set for completion on November 8. The decision reflects that Applied Optoelectronics no longer represents the small-cap market. This transition impacts the index's composition, emphasizing the dynamic nature of market capitalization and sector representation.

Viridi Parente, a developer of innovative lithium-ion technology, has been nominated as a finalist for the Commercial Technology of the Year at the 23rd annual S&P Global Platts Global Energy Awards. Their Green Machine technology offers a renewable mobile energy solution for construction and industrial applications, outperforming fossil fuel options in performance metrics. This recognition highlights the significance of Viridi's technology in emissions reduction and commercial success. The winners will be announced at a gala in New York City on December 9, 2021.

S&P Global (NYSE: SPGI) has released a pioneering research report titled "Glass Floors and Ceilings: Why Closing the Median Wage Gap Isn't Fair". This report examines the gender wage gap over 15 years, highlighting that women in executive roles often receive compensation clustered around the median, which can hinder pay equity. Key findings include a steady rise in women’s median pay ratio contrasted by a decline in mean pay, and evidence of Gender-Based Compensation Management in firms with governance issues. The report aims to prompt companies to adopt a broader perspective in addressing pay equity.

S&P Global (NYSE: SPGI) reported Q3 2021 revenue of $2,087 million, a 13% increase year-over-year, with net income up 75% to $797 million. Diluted EPS rose 75% to $3.30, driven by strong revenue growth and adjustments linked to merger-related costs. Operating profit margin reached 51.9%. The merger with IHS Markit is progressing, with expected completion in Q1 2022. The company anticipates low double-digit revenue growth in 2021, with GAAP EPS guidance now between $12.50 and $12.65. Free cash flow is projected at $3.6 billion to $3.7 billion.