Financials

Oppenheimer Comments on S&P Global Inc.’s FY2022 Earnings (NYSE:SPGI)

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S&P Global Inc. (NYSE:SPGI) –  Oppenheimer increased their FY2022 earnings per share (EPS) estimates for shares of S&P Global in a report issued on Thursday, January 5th. Oppenheimer analyst O. Lau now anticipates that the business services provider will earn $11.11 per share for the year, up from their previous forecast of $11.06. The consensus estimate for S&P Global’s current full-year earnings is $11.10 per share. Oppenheimer also issued estimates for S&P Global’s Q4 2022 earnings at $2.47 EPS, Q1 2023 earnings at $2.93 EPS, Q2 2023 earnings at $3.08 EPS, Q3 2023 earnings at $3.26 EPS, Q4 2023 earnings at $3.31 EPS, FY2023 earnings at $12.59 EPS and FY2024 earnings at $14.39 EPS.

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Deutsche Bank: Wells Fargo (NYSE:WFC) Price target lowered to $50 Maintain Buy rating

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Deutsche Bank analyst Matt O’Connor lowered Wells Fargo’s price target to $50 from $60 and maintained a buy rating on the stock. The analyst believes that it seems likely that US bank stocks will continue to hit new lows. He assumed that bank stocks would trade below their historical range of 60%-80%, saying bank earnings may have peaked. He also believes that in the event of a recession, rising reserves and valuations pose downside risks.

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Blackstone Group President Gray:BREIT saw a 13 percent increase in cash flow last year

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Blackstone Group President Gray: Blackstone Real Estate Investment Trust (BREIT) saw a 13 percent increase in cash flow last year, and investors have confidence in it. 2023 will be a tougher year economically. The Fed is expected to stop raising interest rates by the middle of this year.

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S&P Global (NYSE:SPGI) Acquires Charting Platform ChartIQ From Cosaic

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S&P Global (SPGI) said Thursday it has acquired ChartIQ from Cosaic for an undisclosed sum. ChartIQ will become part of the S&P Global Market Intelligence division and be integrated into S&P Global’s Capital IQ Pro platform, S&P Global said. The transaction was sign on Dec. 23 and closed on Sunday, the company said. ChartIQ allows users to visualize vendor-supplied data with a fully interactive web-based library that works across multiple media and provides professional-grade charting capabilities, according to S&P Global.

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S&P Global (NYSE:SPGI)Stock price trend forecast and trading range -2023.1.6

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S&P Global Inc. (NYSE:SPGI) Stock price trend forecast and trading range: Updated to: 2023.1.6 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: rebound Sell high and buy low of range : $330 – $348 Support: $328 resistance: $350 Stop Loss Price: $328 price target: $348 Buy the position again: stop fall and rise to $328 Medium-term trend: rebound High sell low buy range: $328 – $365 Support: $326 resistance: $365 Stop Loss price: $326 price target: $365 Buy the position again: stop fall and rise to $326 Long-term trend: down High sell low buy of range: $320 – $390 Support : $320 resistance: $390 Stop Loss price: $320 price target : $390 Buy the position again: stop fall and rise to $320 From Analysis from financial statements: the third quarter of fiscal

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Morgan Stanley: Be prepared for increased provisions and spending

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Morgan Stanley said it should be prepared for increased provisions and spending. With most analysts expecting a recession or a significant slowdown this year, banks may include a tougher economic outlook and/or increase the probability of a CECL bearish scenario in the current Expected Credit Loss (CECL) base scenario outlook, analysts said. Analysts also said the latest data showed that credit card delinquency rates are growing at the fastest pace since the financial crisis. Morgan Stanley said higher-than-consensus fee guidance could weigh on bank stocks during the fourth-quarter earnings period.

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Goldman Sachs Group (NYSE:GS)Stock price trend forecast and trading range -2023.1.6

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Goldman Sachs Group (NYSE:GS) Stock price trend forecast and trading range analysis: 2023.1.6 From the stock chart analysis, the recent stock price has remain fluctuations between $340 and $348. Short-term trading can be used to sell high and buy low in the range. The short-term trend may be accepted quickly, the stock price enters a new volatility range, I personally believe that the probability of downside is higher, and the recommended stop loss price is $340. If the stock price falls below $340, wait patiently for the rebound trend after the stock price stops falling before trading. The probability of a fall to $320 is expected to be extremely high. If the stock price effectively breaks through $350, it can chase higher in the short term and move the stop loss price up to $348, and Bo rebounds to $360. Medium-term and long-term holdings are less likely to be profitable

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S&P global Rob Dobson, commented on the UK’s manufacturing PMI for December

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Rob Dobson, director of S&P Global, commented on the UK manufacturing PMI for December: The downturn in UK manufacturing worsened at the end of the year. Supply chain issues continued to have an impact as new orders flowed down, with output shrinking at its fastest pace in the past 14 years. The magnitude of the decline in new business is worrying due to weak domestic demand and a further significant decline in new orders from overseas.

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