The S&P 500 is up 9% year-to-date as investors continue to pour money into S&P ETFs, which is good for S&P Global (SPGI).
A strong stock market and increased volatility sparked 25% revenue growth at S&P Global’s (SPGI) Dow Jones Indices division last qtr.
S&P Global (SPGI) keeps beating the street as SPGI’s CFO said the “trend of assets moving into passive investments shows no signs of letting up.”
S&P 500 assets soared 38% during the last year, and that’s helped boost shares of S&P Global (SPGI), which makes licensing fees off these investments.
Higher stock and bond markets mean good business for S&P Global (SPGI), which had profits surge past expectations last qtr on solid demand for its research.