MCO will acquire CAPE to strengthen its presence in the insurance sector. The deal will close in the first quarter of 2025.
Citi analyst Peter Christiansen initiated coverage of Moody's (MCO) with a Buy rating and $565 price target. The firm sees continued markets strength, driven by the easing Federal Reserve and near all-time tight spreads, as well as an expected $4.9 trillion "refunding wall" over the next four years. The analyst believes Moody's shares have "more room to run" but prefers S&P Global (SPGI), believing the stock has a higher margin of safety should the inflation and interest rate trajectory pause or revert. Moody's is levered to a positive credit issuance cycle, the analyst tells investors in a research note. Moody's -7.61 (-1.62%) S&P Global -3.75 (-0.76%)
Credit rating agency Moody's announced on Saturday that it was cutting France's rating to "Aa3" from "Aa2" with a stable outlook, citing concerns over "political fragmentation." Traders have reacted negatively to the downgrade, with France's CAC 40 down 0.7% Monday morning.
Moody's (MCO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
MCO acquires Numerated Growth. The move strengthens Moody's Lending Suite, offering banking clients a comprehensive loan origination and monitoring solution.
Moody's (MCO) reported earnings 30 days ago. What's next for the stock?
Around 100 stock split announcements were made from its universe of 11,000 global equities in Q2 2024.
Moody's (MCO) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Moody's Corporation's Q3 earnings report showed impressive line items and guidance. Segmental growth remains robust, and profit margins are comprehensive. Normalization in M&A, expansion in private debt, and entry into catastrophe insurance analytics offerings add optimism.
Moody's Corporation (NYSE:MCO ) Q3 2024 Earnings Conference Call October 22, 2024 11:30 AM ET Company Participants Shivani Kak - Head, Investor Relations Rob Fauber - President & Chief Executive Officer Noémie Heuland - Chief Financial Officer & Senior Vice President Conference Call Participants Toni Kaplan - Morgan Stanley Ashish Sabadra - RBC Capital Markets Scott Wurtzel - Wolfe Research Andrew Nicholas - William Blair Manav Patnaik - Barclays Owen Lau - Oppenheimer Faiza Alwy - Deutsche Bank David Motemaden - Evercore ISI Craig Huber - Huber Research Partners George Tong - Goldman Sachs Shlomo Rosenbaum - Stifel Jeff Silber - BMO Capital Markets Jason Haas - Wells Fargo Jeff Meuler - Baird Andrew Steinerman - JPMorgan Russell Quelch - Redburn Atlantic Alex Kramm - UBS Operator Good day, everyone and welcome to the Moody's Corporation Third Quarter 2024 Earnings Call. At this time, I would like to inform you that this conference is being recorded and that all participants are in a listen-only mode.
While the top- and bottom-line numbers for Moody's (MCO) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Robust global bond issuances and demand for analytics support MCO's Q3 earnings.