• MCO

Earnings call: Moody's Q3 2024 results reveal robust revenue growth

• MCO

Moody's raises full-year profit forecast above estimates on strong product demand

Moody's reports a 31% rise in Q3 earnings, raises profit forecast, citing strong demand for analytics, benefiting from the Fed's rate cut cycle.

• MCO

Moody's beats Q3 estimates, raises full-year outlook

Moody's Corporation reported strong Q3 earnings, exceeding expectations, raising earnings guidance, and reflecting robust growth in financial risk assessment and data analytics services.

• MCO

Moody’s earnings beat by $0.34, revenue topped estimates

Moody’s reported Q3 EPS of $3.21, exceeding expectations, with revenue of $1.81B. Guidance for FY 2024 EPS is $11.90-$12.10. Stock performance remains strong.

• MCO

Moody's changes outlook on US banking system to stable from negative

Moody's upgraded the US banking system outlook to stable, anticipating interest rate cuts and moderate growth to improve bank asset quality and profitability.

• MCO
• ZG

Trump, Republicans link immigrants to high US housing prices, researchers disagree

Trump blames immigrants for housing costs despite limited impacts; research shows other factors like demand and inflation are more significant in the housing market.

• MCO

French government presents 2025 belt-tightening budget

France's 2025 budget outlines 60 billion euros in spending cuts and tax hikes on the wealthy, aiming to reduce a spiraling fiscal deficit amidst economic pressures.

• BA
• MCO
• SPR

Boeing weighs options for raising cash as ratings downgrade looms, sources say

Boeing is considering raising $10-15 billion through stock sales to maintain its credit ratings above junk status amid increasing financial pressure and production challenges.

• JPM
• MCO

US bank profits to shrink on interest income, focus shifts to Fed cuts

JPMorgan Chase and Wells Fargo are expected to report lower Q3 earnings due to decreased interest income and subdued loan demand, with market focus on future rate forecasts.

• MCO

Global supply chain pressures easing, New York Fed index shows

The resolution of a U.S. port strike helps ease global supply chain pressures, potentially slowing inflation, but a new agreement deadline poses ongoing economic risks.