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S&P Global Inc. (NYSE: SPGI) is a leading provider of essential financial intelligence, empowering governments, businesses, and individuals with the right data, expertise, and connected technology to make decisions confidently. As the largest of the Big Three credit rating agencies, S&P Global provides a wide array of services including credit ratings, benchmarks, analytics, and workflow solutions that cater to the global capital, commodity, and automotive markets.
S&P Global Ratings is renowned for its financial research and analysis on stocks, bonds, and commodities. This segment remains the largest credit rating agency worldwide and is pivotal to the company’s profitability. Another significant segment, Market Intelligence, offers desktop, data, and advisory solutions, primarily targeting the financial services industry with platforms like Capital IQ Pro. This division was recently bolstered by the acquisition of Visible Alpha, enhancing its investment research and analytics capabilities.
In addition to these core areas, S&P Global encompasses Commodity Insights (including Platts), Mobility (with Carfax), and Indices (featuring the S&P 500® and Dow Jones Industrial Average®). The company's commitment to innovation and market leadership is further demonstrated through its strategic partnerships and acquisitions, such as the integration with CarNow to enhance automotive data analytics and customer engagement.
Recent news highlights include the integration of DigitalOcean Holdings Inc. into the S&P SmallCap 600, the enhanced oil sands production outlook by S&P Global Commodity Insights, and the strategic partnership between automotiveMastermind and CarNow. Moreover, the company's surveys and reports, like the one conducted with AARP on adult caregiving, showcase its role in addressing contemporary societal challenges.
Visit S&P Global for more information on their offerings and insights.
S&P Global Commodity Insights has launched the world's first daily recycled lithium carbonate price assessments, covering spot market prices in China and North Asia. This launch addresses the growing demand for pricing transparency in the recycled battery supply chain. The assessment reflects battery-grade quality lithium carbonate at 99.5% purity. As global sustainability efforts intensify, the recycled lithium market is poised for significant growth, with end-of-life battery availability in China expected to reach 438 GWh by 2032, a compound annual growth rate of over 44%. The move complements S&P's existing suite of battery metals assessments and aims to offer comprehensive pricing solutions from upstream spodumene concentrate to downstream lithium chemicals.
S&P Dow Jones Indices reported a significant increase in U.S. common indicated dividend payments for Q2 2024, driven primarily by Alphabet's $9.3 billion dividend initiation. The net indicated dividend change rose by $16.0 billion, similar to Q1 2024 and significantly higher than Q2 2023's $4.3 billion. Despite this growth, Q2 2024's total common dividend increases ($20.4 billion) were down 10.0% from Q1 2024 but more than doubled Q2 2023's $9.8 billion. Dividend decreases also dropped to $4.4 billion, a 34.4% decline from Q1 2024. For the 12-month period ending June 2024, dividend increases were $78.7 billion, a 21.1% rise from the prior year, with decreases rising by 29.2% to $24.1 billion. The S&P 500 index marked a per-share dividend increase of 1.2% in Q2 2024, reaching $18.28, and an aggregate dividend payment of $153.4 billion. The quarter saw a notable 17.2% year-over-year increase in dividend initiations, while decreases significantly reduced by 67.7%.
S&P Global (NYSE: SPGI) will release its second quarter 2024 financial results on Tuesday, July 30, 2024, at 7:15 a.m. EDT.
A conference call and webcast will follow at 8:30 a.m. EDT, featuring President and CEO Douglas L. Peterson, Interim CFO Christopher Craig, and SVP of Investor Relations Mark Grant. Martina Cheung, President of S&P Global Ratings, will also join the call. Cheung has been appointed President and CEO of S&P Global effective November 1, 2024.
The announcement will be available on the company's website, www.spglobal.com.
S&P Global Ratings has announced Yann Le Pallec as the next President of S&P Global Ratings, effective November 1, 2024, succeeding Martina L. Cheung. Le Pallec, who is currently the Executive Managing Director and Head of Global Ratings Services, has been with the company since 1999 and has significant experience in credit markets, change management, and talent development. He currently oversees over 2,200 analysts and support staff across 28 countries. Martina L. Cheung will transition to President and CEO of S&P Global. Both current leaders, Cheung and Douglas L. Peterson, have expressed confidence in Le Pallec's ability to lead the ratings division successfully.
S&P Global (NYSE: SPGI) announces Martina L. Cheung as the next President and CEO, succeeding Douglas L. Peterson. Effective from November 1, 2024, Cheung will take the helm, with Peterson remaining as a special advisor until December 31, 2025. Cheung, currently President of S&P Global Ratings, brings extensive leadership experience, having driven significant revenue growth across various divisions. Under her leadership, S&P Global Ratings saw a 9% revenue increase in 2023. Cheung’s appointment follows a thorough succession process. Yann Le Pallec will succeed her as President of S&P Global Ratings. The company’s financial guidance remains unchanged.
S&P Global Ratings announced its participation in the Monetary Authority of Singapore's (MAS) Project Guardian on June 27, 2024. Project Guardian is a collaborative initiative aimed at enhancing financial market liquidity and efficiency through asset tokenization. By joining Project Guardian's industry group, S&P Global Ratings will work alongside other financial institutions to expand asset tokenization into capital markets.
The company will focus on the project's Fixed Income workstream, developing analytic frameworks, assessments, and benchmarks for digital assets and tokenized markets. Key executives, including Chief DeFi Officer Chuck Mounts and Digital Assets Analytical Lead Andrew O’Neill, emphasized the potential of digital bonds and tokenized treasuries to transform capital markets and the importance of robust risk mitigation.
S&P Global Commodity Insights, a division of S&P Global (NYSE: SPGI), has been chosen as a knowledge partner by the Energy Institute (EI) for the annual Statistical Review of World Energy. This partnership highlights S&P Global’s expertise in providing comprehensive data and insights on energy markets, including emerging sectors like hydrogen, carbon, and ammonia. The 73rd edition of the Statistical Review, released on June 20, 2024, reveals record global energy consumption driven by coal and oil, increased renewable electricity generation, and significant geopolitical impacts on gas markets due to the ongoing Ukraine conflict. The review also indicates a peak dependence on fossil fuels in advanced economies and accelerating renewable energy adoption in China. S&P Global's insights will help EI analyze key trends and provide an impartial source of data as global energy transitions continue to evolve.
S&P Global Mobility projects US new light vehicle sales to reach 1.40 million units in June 2024, a 1% increase year-over-year, achieving a seasonally adjusted annual rate (SAAR) of 16.2 million units, the highest since May 2021.
Despite challenges such as a cyberattack on dealer management software and a stop-sale for Toyota and Lexus vehicles, June sales are expected to follow May's strong performance. The second quarter's SAAR is estimated at 16.0 million units, the highest since Q2 2021.
Retail advertised inventory grew to 2.79 million vehicles by the end of May, marking a 0.4% rise from April and a significant 61% increase from last year. Electric vehicle (EV) inventory is expanding faster than the overall market, with BEV share expected to reach 7.5% in June.
S&P Global Mobility forecasts 2024 new vehicle sales to total approximately 16.0 million units, a 2% growth from 2023.
S&P Global Market Intelligence has announced the launch of Peer Comparables, a new module integrating S&P Capital IQ Financials and Estimates data into its iLEVEL portfolio management software. This innovation aims to assist private markets investors by providing access to public company financial data and consensus estimates, allowing for direct comparison with proprietary portfolio data. Key features include side-by-side views of public and private company financials, visual analytics for performance tracking, and team-wide sharing capabilities. Additional recent enhancements to iLEVEL include a Commitment Pacing Module for optimized capital deployment, Private Credit Monitoring for enhanced transparency, and a no-code Turnkey Data Integration solution. iLEVEL is used by over 700 investors to manage their portfolios, highlighting its prominence in the industry.
The Board of Directors at S&P Global (NYSE: SPGI) has declared a cash dividend of $0.91 per share for the third quarter of 2024. This dividend will be paid on September 11, 2024, to shareholders who are recorded by August 27, 2024. The annualized dividend rate stands at $3.64 per share. Notably, S&P Global has consistently paid dividends since 1937 and is among the select group of fewer than 30 companies in the S&P 500® that have raised their dividends annually for over 50 years.
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