|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||154.28 - 158.00|
|52 Week Range||140.15 - 187.98|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||28.02|
|Earnings Date||Oct 26, 2018|
|Forward Dividend & Yield||1.76 (1.10%)|
|1y Target Est||183.27|
BRUSSELS (AP) — The European Union set up a high-stakes battle with Italy, one of the bloc's biggest economies, over who has final control over a member state's budget after the executive Commission took the unprecedented step of ordering the country to revise its public spending plans.
On October 22, 2018, the Board of Directors of Moody’s Corporation declared a regular quarterly dividend of 44 cents per share of MCO Common Stock. The dividend will be payable on December 12, 2018 to stockholders of record at the close of business on November 21, 2018.
Moody’s Corporation (MCO) announced today that it has invested in Team8 Partners II, L.P., the second vehicle raised by Team8, a leading think tank and company creation platform specializing in cybersecurity and data resilience. As a participant, Moody’s will gain access to innovative and emerging cybersecurity companies and thought leadership opportunities through Team8’s network. Team8’s innovation process combines a research team with intimate knowledge of cybersecurity, access to cyber talent, and a global network that gives Team8 companies access to customers, partners and key influencers.
MILAN (AP) — Italy on Monday refused to back down on its plans to ramp up public spending, keeping alive a dispute with the European Union, which is worried the budget would increase the country's high debts.
SINGAPORE (AP) — World markets rose on Monday, brushing off potential concerns about slower growth in China and a downgrade in Italy's credit rating over its plans to ramp up public spending.
“Finally we end two or three surreal days,” with an accord that clears things up, Salvini told reporters in Rome on Saturday after a cabinet meeting. Di Maio said the government is united and will try to explain its reasoning to the EU.
Minutes from the Fed’s last gathering indicated it’s willing to keep lifting rates even to the point of restricting growth, providing a boost to yields. The coming week will provide insights on the U.S. growth picture from gross domestic product data, and potentially some clues into Fed thinking, with new vice chairman Richard Clarida delivering his first major address. There will also be an influx of new Treasury supply at the shorter end of the market that may give renewed impetus to curve flattening.
To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Moody’s Corporation (MCO) today announced that it has named Derek Vadala as Global Head of Cyber Risk for Moody’s Investors Service (MIS). In this newly-established role, Mr. Vadala will develop MIS’s capabilities for evaluating cyber risk, including a framework for the consideration of cybersecurity risk in credit analysis, and will spearhead innovative research, analytics and market outreach in this area. “As with environmental, social and governance risks, we see cyber risk as an area of increasing relevance to issuers, investors, counterparties and government authorities as it impacts operational and credit risk.
Moody’s Corporation (MCO) and Reis, Inc. (REIS) announce today that Moody’s wholly-owned subsidiary, Moody’s Analytics Maryland Corp., successfully completed the previously announced tender offer to purchase all of the issued and outstanding shares of common stock of Reis at a purchase price of $23.00 per share, net to the seller in cash, without interest and less any applicable withholding taxes. The tender offer expired at 11:59 p.m., New York City time, on October 12, 2018. The depositary for the tender offer has advised that as of the expiration of the tender offer, a total of 9,800,276 shares of common stock of Reis were validly tendered and not validly withdrawn in the tender offer (excluding shares with respect to which notices of guaranteed delivery were delivered) representing approximately 84.7% of Reis’s outstanding shares of common stock.
LOS ANGELES, Oct. 10, 2018 -- Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of Moody's Corporation (NYSE: MCO) investors concerning the Company.
Salvini, leader of the anti-migrant League, and Luigi Di Maio of the anti-establishment Five Star Movement both insisted Wednesday that they’ll stick to their costly election promises as the 10-year spread, a key gauge of financial strain, touched 308 basis points. The last time the gap reached 400 was in 2012 at the height of the European debt crisis. No,” Salvini said in a television interview with state broadcaster RAI.
Yields on benchmark 10-year bonds rose above 3.5 percent for the first time in four years while stocks approached a bear market after the European Commission said the populist coalition’s plans for a wider deficit are in breach of common rules. German bonds and the yen rallied as investors sought the safest assets. In a letter to Italian Finance Minister Giovanni Tria, EU Commissioners Valdis Dombrovskis and Pierre Moscovici pointed to a “significant deviation” of budget targets from the fiscal path in a reference to the planned 2.4 percent budget-deficit target.
Moody’s Analytics, a leading provider of financial intelligence, announced today that its technology has been selected by Santander UK, one of the largest providers of mortgages and savings in the United Kingdom. Santander UK will be using the Moody’s Analytics Wealth Scenario Generator (WSG) within Santander UK’s new Digital Investment Adviser (DIA). The Moody’s Analytics WSG is a modeling engine that provides support for financial planning and investment decision making.
Rating agencies are turning up the heat on companies that have not met commitments to reduce debt after making significant acquisitions by warning their ratings will be cut if they don't deliver. The development, which market participants say is a change in stance by the agencies, coincides with increased concern about rising leverage in the corporate bond market and a massive swell in the amount of Triple B rated debt. "Although rating agencies have generally been lenient toward the leverage added in these transactions, recent actions suggest they may be adopting a more stringent approach, which could be a source of significant volatility," said Barclays strategist Brad Rogoff in a note.
Moody's Corporation (MCO) will release its third quarter 2018 results before the start of NYSE trading on Friday, October 26, 2018. A copy of the release will be posted on Moody's Investor Relations website, http://ir.moodys.com. Moody's Corporation invites you to participate in a teleconference on Friday, October 26, 2018 at 11:30 a.m. Eastern Time to discuss its third quarter 2018 results.
Moody’s Analytics, a leading provider of financial intelligence, announced today that its technology has been selected by PRO BTP Insurance Group (PRO BTP), a non-profit, jointly managed insurer. PRO BTP will use the Moody’s Analytics RiskIntegrity™ Proxy Generator solution to assess the impact of economic shocks and different asset allocations on the company’s capital position and balance sheet. PRO BTP, an existing client of the Moody’s Analytics Economic Scenario Generator (ESG), has chosen the RiskIntegrity Proxy Generator for its ability to model their complex liabilities over multiple time-step projection horizons.
Attfield now forecasts the spread will expand to 300 basis points by the end of 2018, compared with a previous prediction of 230 basis points, made on Aug. 7. The earlier forecast was predicated on the assumption that Italy’s budget would be “less concerning to the market than initially feared.” The yield spread was around 280 basis points Thursday.
Government bonds snapped four days of declines and the FTSE MIB Index of shares rallied on assurances that the administration will seek to reduce last week’s proposed fiscal shortfall for 2020 and 2021. Deputy Prime Minister Luigi Di Maio confirmed that next year’s target of 2.4 percent would remain. The Five Star Movement-League coalition still needs to release its economic-growth projections before presenting a draft budget proposal to the European Union Commission by Oct. 15.
Moody’s Analytics, a global provider of financial intelligence, has won four categories in the 2018 Asia Risk Technology Rankings. Building on last year’s three-win performance by Moody’s Analytics, the company topped the IFRS 9, Asset & Liability Management, Regulatory Capital Calculation and Management, and Economic Capital Calculation and Management categories in this year’s annual rankings.
Investing.com - The back-and-forth action between chipmakers Intel (NASDAQ:INTC) and Advanced Micro Devices (NASDAQ:AMD) continued with bulls backing Intel, at least for today.
Moody’s Corporation (MCO) and Reis, Inc. (REIS) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to Moody’s pending acquisition of Reis expired at 11:59 p.m., Eastern Time, on September 28, 2018. As previously announced on September 13, 2018, Moody’s wholly-owned subsidiary, Moody’s Analytics Maryland Corp., commenced a tender offer to purchase all of the issued and outstanding shares of common stock of Reis at a purchase price of $23.00 per share, net to the seller in cash, without interest and less any applicable withholding taxes. The tender offer follows an announcement on August 30, 2018 that Moody’s and Reis had entered into a definitive merger agreement for Moody’s to acquire all outstanding shares of Reis in an all-cash transaction valued at approximately $278 million.
Moody’s Analytics, a global provider of financial intelligence, and SUMMiT Actuaries & Consultants Inc. have signed a formal partnership to provide insurers in Korea with actuarial consulting services and risk management software. As part of this collaboration, SUMMiT, a leading actuarial consulting firm, is joining the Moody’s Analytics PartnerAlliance Program and will develop an International Financial Reporting Standard (IFRS) 17 and Korea Insurance Capital Standard (K-ICS) practice around the Moody’s Analytics RiskIntegrity™ IFRS 17 solution.
THINGS TO KNOW Advisors and brokers, watch out. Someday you may face competition from the likes of Google, (FB) and (AAPL) A new (MCO) report titled “Threat of big tech disruption is real” lays out a scenario in which large tech companies take over some control of retail financial services distribution from incumbent institutions.
Moody’s Analytics, a leading provider of financial intelligence and analytics, partners with Thomson Reuters Financial and Risk business to offer a classification solution for conducting the Solely for Payment of Principal and Interest (SPPI) tests required under the IFRS9 accounting standard. “We are pleased to partner with Thomson Reuters to bring fixed-income investors more comprehensive coverage of all asset classes in a single transparent and auditable solution,” said Luis Amador, Managing Director at Moody’s Analytics. “Partnering with Moody’s Analytics, we developed a much simpler and more comprehensive solution to help clients manage their SPPI instrument accounting obligations under IFRS9,” said Stuart Martin, Managing Director for Risk Information and Learning Services for the Financial & Risk business at Thomson Reuters.