S&P Global Stock Price, News & Analysis

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.

S&P Global Market Intelligence has released a new report analyzing the impact of potential Trump administration tariffs using alternative data and AI tools. The study reveals that companies with significant international operations and high U.S. sales underperformed peers by 3.9% in stock prices from 2017 to 2019, while companies with higher U.S. headcount and lower U.S. revenue earned an 11% equity premium.

The report, titled 'Three Tools for Trump Tariffs 2.0,' utilizes advanced AI techniques including social media headcount data, business relationship algorithms, and ProntoNLP. Key findings show that tariff-targeted firms experienced a 17% change in supply chain strategy from 2017-2019, with Automobiles & Components sector seeing a 37% disruption. Analysis of earnings calls showed a 50.7% increase in supplier diversification discussions, reaching 57% in Q3 2024.

S&P Global (NYSE: SPGI) has announced a 5.5% increase in its regular quarterly cash dividend, raising it from $0.91 to $0.96 per share. The dividend will be payable on March 12, 2025, to shareholders of record on February 26, 2025, resulting in a new annualized dividend rate of $3.84 per share.

The company has maintained a consistent dividend payment record since 1937 and stands among fewer than 30 companies in the S&P 500® that have increased their dividend annually for more than 50 years.

S&P Global Mobility forecasts January 2025 U.S. auto sales to reach 1.15 million units, with a seasonally adjusted annual rate (SAAR) of 16.2 million units. While this represents a slight decrease from December 2024's pace, it marks the fourth consecutive month above the 16-million mark.

The January sales slowdown is attributed to December 2024's strong closeout and adverse weather conditions. Inventory levels are lower entering 2025, with retail advertised inventory at 2.89 million vehicles by December 2024's end, the lowest since July 2024. Light truck SAAR is projected at 13.1 million units, while passenger car SAAR is expected at 3.1 million units.

Battery-electric vehicle (BEV) share is anticipated to maintain at 9.0% in January, as stakeholders evaluate potential changes to BEV incentives. The industry faces an uncertain demand environment in 2025 due to potential policy changes from the new administration.

Inovalon announced a significant leadership transition as founder and CEO Keith Dunleavy, M.D., will retire on March 1, 2025, moving to the Board of Directors. Adam Kansler, former President of S&P Global Market Intelligence, has been appointed as the new CEO.

Under Dr. Dunleavy's 26-year leadership, Inovalon grew into a major healthcare cloud-based software solutions provider, serving over 50,000 healthcare customers. Key achievements include the company's 2015 IPO, 2021 privatization, transformation to a pure-play cloud-based SaaS and DaaS platform provider, and AI implementation. The company manages data from more than 87 billion medical events.

Since its 2021 privatization, Inovalon has achieved double-digit compound annual growth in customer count, EHR NPI connectivity, unique medical event count, revenue, gross margin, and adjusted EBITDA.