S&P Global - SPGI STOCK NEWS

S&P Global Market Intelligence reports significant growth in global equity issuance during Q4 2024, with IPO transactions rising 3.0% quarter-over-quarter and aggregate offerings surging 55.6% to $116.35 billion - the highest quarterly volume in two years.

The total value of M&A transactions in Q4 2024 reached $613.33 billion, marking a 13.6% year-over-year decline and a 15.5% quarter-over-quarter decrease, primarily due to lower US activity. However, both M&A deal values and transaction numbers increased year-over-year in 2024, ending a two-year decline.

Global equity issuance from 2022 through 2024 totaled $1.039 trillion, slightly below the $1.043 trillion raised in 2021 alone. The report suggests potential continued growth in global M&A and equity offerings for 2025, supported by strategic investments and economic policies.

Global supply chains are operating at full capacity as of January 2025, with the GEP Global Supply Chain Volatility Index posting -0.21. U.S. manufacturing showed significant growth, while Asia's manufacturing expansion was led by South Korea, China, and India. However, Europe remains in an industrial recession.

Key findings include increased procurement activity in North America (driven by U.S. manufacturers), while Mexican and Canadian factories reduced purchasing. Material shortages are at a five-year low, though labor shortages are causing backlogs. Transportation costs reached a six-month high in January.

Regional indices show: North America at -0.22 (six-month high), Europe declining to -0.61, UK falling to -0.63 (13-month low), and Asia rising to 0.03. Despite potential tariffs, global manufacturers are not stockpiling inventories, instead taking a wait-and-see approach while accelerating China-plus-one investments.

S&P Global (NYSE: SPGI) announced the release of its fourth quarter and full-year 2024 financial results on February 11, 2025. The company has made the earnings release and supplemental materials available on their investor relations website.

A conference call with senior management to review the results is scheduled for February 11 at 8:30 a.m. ET. Additional information and supplemental slide content will be presented during the call and can be accessed through the company's Investor Relations website. A live webcast and replay of the conference call will also be available online.

CERAWeek by S&P Global announces its 43rd annual energy conference, scheduled for March 10-14, 2025, in Houston. The event, themed 'Moving Ahead: Energy strategies for a complex world,' will bring together energy industry leaders, government officials, and experts from technology, financial, and industrial sectors.

Chaired by Daniel Yergin, S&P Global's Vice Chairman, the conference will explore multiple factors reshaping the global energy landscape, including policy changes, technological advances, and geopolitical dynamics. The program will cover important themes such as new policies, oil and gas markets, power grid developments, renewables, geopolitics, AI implementation, and climate strategies.

The event will feature the CERAWeek Innovation Agora, focusing on technology and innovation, with dedicated areas for climate, carbon, and new energies. Notable speakers include CEOs from major energy companies like bp, Chevron, Shell, and Saudi Aramco, along with government officials and industry experts.

American Business Bank (AMBZ) has achieved a significant milestone, ranking 9th among the top 225 U.S. banks with assets between $3 billion and $10 billion in S&P Global Market Intelligence's inaugural deposit rankings for 2024.

The bank reported strong financial metrics, including $4.04 billion in assets, a 1.33% cost of deposits, and nonperforming assets of 0.18% of total assets. Total deposits showed healthy growth, increasing by $147 million or 4.2% for year-end 2024.

The rankings were determined using eight metrics, with noninterest-bearing deposit concentration receiving the highest weighting. This is particularly noteworthy given that noninterest-bearing deposits across the banking industry have declined nearly 30% since late 2021, while interest-bearing deposits grew by approximately 8% through Q3 2024.

S&P Global Market Intelligence has released its first-ever U.S. Community Bank Deposit Rankings for 2024, highlighting banks with high concentrations of noninterest-bearing deposits as top performers. The rankings evaluate banks based on eight key metrics, including a new deposit efficiency metric.

In the Small Community Banks category (assets under $3B), Titan Bank leads with 46.79% noninterest-bearing deposit concentration, followed by Western Bank (59.17%) and Tejas Bank. For Large Community Banks ($3B-$10B assets), Stride Bank tops the list with 88.8% noninterest-bearing deposits, followed by First Community Bankshares and Amalgamated Financial Corp (50.10%).

The evaluation metrics include noninterest-bearing deposits ratio, cost of interest-bearing deposits, deposit beta, time deposits ratio, CD maturities, deposits to liabilities, deposit growth, and deposit efficiency.

S&P Global Mobility warns of significant disruptions in the North American automotive industry as the U.S. government announces potential 25% tariffs on vehicles imported from Canada and Mexico, with a 10% tariff for mainland China vehicles. Components and EVs already face tariffs of 25% and 100% respectively.

In 2024, the U.S. imported 3.6 million light vehicles from Canada and Mexico, representing 22% of U.S. vehicle sales. The proposed 25% duty on a $25,000 landed cost could add up to $6,250 to vehicle prices. The analysis indicates a 30% probability of a 6-8 week disruption, potentially causing a 30% decrease in production for high-exposure vehicles.

In a 'Tariff Winter' scenario (10% probability), long-term 25% tariffs could lead to North American light-vehicle sales declining by 10% in the U.S., 8% in Mexico, and 15% in Canada over several years. The uncertainty may delay future vehicle program development and impact consumer purchasing decisions.

S&P Global Market Intelligence has launched a new Automated Data Ingestion (ADI) capability within its iLEVEL platform, a private markets investment management solution. This AI-powered technology aims to transform portfolio monitoring by automating data extraction from various documents.

The new feature includes AI-driven data extraction, one-time document collection setup, recurring collection capabilities, data validation and mapping, and enhanced audit functionality. The system automatically processes uploaded documents and maps data into iLEVEL, making it available for portfolio analytics, valuations, peer comparables, and reporting workflows.

Additionally, iLEVEL has introduced a collaboration with Maestro, a value creation platform for General Partners, to connect monitoring and value creation workflows. Launched in 2010, iLEVEL currently serves more than 700 investors, helping both General Partners (GPs) and Partners (LPs) streamline their portfolio management processes.

S&P CoreLogic Case-Shiller Index reported a 3.8% annual gain in U.S. home prices for November 2024, up from 3.6% in the previous month. The 10-City Composite showed a 4.9% annual increase, while the 20-City Composite posted a 4.3% year-over-year gain.

New York led with the highest annual gain of 7.3%, followed by Chicago (6.2%) and Washington (5.9%). Tampa was the only market to show decline, falling 0.4%. The Northeast region was the strongest performer with a 6.1% annual gain.

Month-over-month data showed slight declines in non-seasonally adjusted figures, with the National Index dropping 0.1%. However, after seasonal adjustment, all three indices (National, 20-City, and 10-City) posted 0.4% monthly increases. The National Index achieved its 18th consecutive all-time high on a seasonally adjusted basis.