|Bid||150.00 x 800|
|Ask||165.00 x 800|
|Day's Range||158.60 - 161.22|
|52 Week Range||140.15 - 187.98|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||28.47|
|Earnings Date||Oct 26, 2018|
|Forward Dividend & Yield||1.76 (1.09%)|
|1y Target Est||183.27|
“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.
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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of the tender offer, a total of 9,800,276 shares of common stock of Reis were validly tendered and not validly withdrawn in the tender offer (excluding shares with respect to which notices of guaranteed delivery were delivered) representing approximately 84.7% of Reis’s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.
Moody’s Corporation announced today that Mona Breed will join the company as Chief Information Officer , effective October 15, 2018. As CIO, Ms. Breed will lead Moody’s global technology infrastructure and programs.
Even as all major candidates in Brazil's presidential election have expressed support for housing subsidy programs, the country's October vote still brings risks for major homebuilders, a Moody's executive said on Tuesday. Airline profits could also take a hit if the election results hurt the value of Brazil's real currency, Moody's added. Marianna Waltz, head of the ratings agency's Latin America corporate finance team, said in an interview that no candidate was planning structural changes to Brazil's popular "Minha Casa, Minha Vida," housing program, which is key for homebuilders' bottom lines.
Moody’s Corporation (MCO) announced today that, for the first time, it has been recognized as a top ten employer by Working Mother, ranking eighth in the list of top 100 companies for 2018. This is the third year in a row Moody’s has achieved strong placement in Working Mother’s list of 100 Best Companies, in recognition of its continued development and enhancement of programs for its U.S. workforce.
Moody’s Analytics, a global provider of financial intelligence, is pleased to announce new enhancements to the CreditLens™ platform. Built on the latest cloud-based technology, the CreditLens platform is a credit lifecycle management solution that helps financial institutions digitally transform their commercial credit processes to make better and faster credit decisions. Users of the Moody’s Analytics CreditEdge™ solution can now view the expected default frequency (EDF) measures for public companies seamlessly in the CreditLens platform.
DALLAS (AP) — America's rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy.