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. (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.
On February 16, 2021, S&P Dow Jones Indices and Experian announced the January 2021 updates for the S&P/Experian Consumer Credit Default Indices, revealing a composite default rate of 0.48%, an increase of two basis points. The bank card default rate rose to 2.72%, up nine basis points, while auto loan defaults decreased to 0.56%, a decline of eight basis points. First mortgage defaults increased by three basis points to 0.32%. Notably, Miami saw a rise to 0.95%, and New York increased to 0.49%. Data covers approximately $11 trillion in outstanding loans.
S&P Global (NYSE: SPGI) reported strong fourth-quarter and full-year 2020 results, with Q4 revenue rising 8% to $1.87 billion. Net income, however, fell 16% to $454 million due to lease and restructuring charges. Adjusted net income grew 5% to $654 million, while adjusted earnings per share rose 7% to $2.71. Full-year revenue increased 11% to $7.44 billion, and adjusted EPS was up 23% to $11.69. The pending merger with IHS Markit is expected to enhance future growth. The company returned $1.8 billion to shareholders in 2020, raising the quarterly dividend by 15% to $0.77.
S&P Global Ratings has assigned a score of E1/79 to the San Francisco Municipal Transportation Agency's proposed Series 2021C bonds. This represents the highest score on their evaluation scale. $235 million will be raised for projects aimed at enhancing transportation efficiency and reducing greenhouse gas emissions in San Francisco. Key initiatives include procuring electric light rail vehicles and upgrading infrastructure. These efforts are expected to accelerate the city's transition towards more sustainable transit solutions.
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