Moody's Corporation (MCO)
| Market Cap | 68.55B |
| Revenue (ttm) | 5.73B |
| Net Income (ttm) | 1.51B |
| Shares Out | 183.00M |
| EPS (ttm) | 8.22 |
| PE Ratio | 45.57 |
| Forward PE | 34.51 |
| Dividend | $3.08 (0.82%) |
| Ex-Dividend Date | Nov 22, 2023 |
| Volume | 1,042,973 |
| Open | 371.99 |
| Previous Close | 372.63 |
| Day's Range | 369.99 - 378.32 |
| 52-Week Range | 272.70 - 378.32 |
| Beta | 1.31 |
| Analysts | Buy |
| Price Target | 357.46 (-4.58%) |
| Earnings Date | Jan 30, 2024 |
About MCO
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities. Its ratings are disseminated through press releases to the public through el... [Read more]
Financial Performance
In 2022, Moody's's revenue was $5.47 billion, a decrease of -12.06% compared to the previous year's $6.22 billion. Earnings were $1.37 billion, a decrease of -37.94%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for MCO stock is "Buy." The 12-month stock price forecast is $357.46, which is a decrease of -4.58% from the latest price.
News
Moody's cuts outlook for eight China banks on potential credit quality decline; downgrades Hong Kong too
Moody's Investors Service cut its outlook for eight Chinese banks to negative from stable on Wednesday, following an identical downgrade to China's credit rating a day earlier.
Moody's changes Hong Kong's outlook to negative from stable
Moody's on Wednesday downgraded its outlook on Hong Kong to negative from stable, just a day after Moody's cut China's credit outlook.
Chinese media calls Moody's 'biased', govt reaction seen more restrained
Chinese state media called Moody's "biased" on Wednesday for its negative rating outlook on the world's No. 2 economy, but some analysts said the government's official reaction was more restrained, si...
Moody's outlook cut complicates Beijing's 'war' against market bears
Moody's negative outlook on China has intensified Beijing's battle with market bears, raising pressure on the government for more forceful measures to prop up sinking stocks and stabilise the yuan as ...
Moody's Launches Moody's Research Assistant, a GenAI Tool to Power Analytic Insights
NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE:MCO) today announced the launch of Moody's Research Assistant, a first-of-its-kind search and analytical tool powered by generative artificial inte...
Why Investors Shrugged When Moody's Threatened a US Credit Rating Downgrade
Last week, when Moody's Investor Service said the U.S. government was at risk of losing its last gold-plated credit rating, markets met the news with a yawn.On Friday, the credit ratings company downg...
Moody's Corporation Posted an Updated Management Presentation for Investors
NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE: MCO) posted an updated management presentation for investors on its website, ir.moodys.com, on Thursday, November 16, 2023. This presentation refl...
Bank of America, JPMorgan Chase and Wells Fargo shares shrug off Moody's outlook cut to negative from stable
Moody's Investors Service cut its rating outlook to negative from stable on Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co., but the stocks rallied Tuesday on the heels of tame infla...
US stocks drop as investors assess Moody's outlook and brace for October inflation data
US stocks fell on Monday as traders took in Moody's outlook for the US credit rating. The agency downgraded its outlook from "stable" to "negative" as concerns over the US debt build.
Moody's Corporation to Present at the J.P. Morgan Ultimate Services Investor Conference on November 16, 2023
NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE: MCO) announced today that Rob Fauber, President and Chief Executive Officer, will speak at the J.P. Morgan Ultimate Services Investor Conference o...
Moody's creates private credit rating and research group
Ratings agency Moody's is creating a unit to research and rate private credit, the firm said on Monday.
Moody's creates new private credit analytical franchise, appoints Ana Arsov to lead
NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE:MCO) today announced the creation of a new analytical franchise within Moody's Investors Service (MIS), the rating agency, that will focus on deliv...
Moody's stock rises on earnings beat as bond issuance rebounds
Moody's Corp.'s stock MCO, +5.22% rose 3.3% after the company beat its third-quarter earnings and revenue targets on a rebound in debt issuance. Moody's said it earned $2.43 a share in the quarter, we...
Moody's quarterly profit beats estimates on robust demand
Ratings agency Moody's reported higher-than-expected profit in the third quarter on Wednesday, helped by strong demand for its research and analytics.
Moody's Corporation Reports Results for Third Quarter 2023
NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE: MCO) today announced results for the third quarter 2023, as well as updated its outlook for full year 2023. The Third Quarter 2023 Earnings Releas...
Moody's and Google Cloud Partner on Generative AI Applications Tailored for Financial Services Professionals
New tools will aim to streamline the ability of finance professionals to analyze lengthy financial reports and disclosures using Google Cloud's generative AI NEW YORK and SUNNYVALE, Calif. , Oct. 23,...
DATE SET FOR MOODY'S EARNINGS RELEASE AND INVESTOR TELECONFERENCE
NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE: MCO) will release its third quarter 2023 results before the start of NYSE trading on Wednesday, October 25, 2023. A copy of the earnings release a...
Moody's Launches VIS Rating in Partnership with Vietnam's Leading Financial institutions
NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE:MCO) today announced the launch of Vietnam Investors Service And Credit Rating Agency Joint Stock Company (VIS Rating), a partnership between Moody...
Moody's Appoints Richard Steele as General Counsel
NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE:MCO) announced today that it has appointed Richard Steele as Senior Vice President and General Counsel, effective September 5, 2023. Mr. Steele wil...
Moody's says it's expecting a global growth slowdown
Marie Diron, managing director of Moody's Investors Service, says inflation could prove stickier than expected, leading to higher interest rates for longer and slower growth.
Moody's Corporation to Host Innovation Open House: Spotlight on Moody's Analytics
NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE: MCO) will host an Innovation Open House with a spotlight on Moody's Analytics (MA). The hybrid event will take place at Moody's headquarters in Ne...
Moody's to Present at a Fireside Chat With RBC Capital Markets on August 16, 2023
NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE: MCO) announced today that Stephen Tulenko, President of Moody's Analytics, and Nick Reed, Chief Product Officer of Moody's Analytics, will discuss...
Moody's Announces CFO Transition
NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE: MCO) today announced that Mark Kaye will step down as Executive Vice President and Chief Financial Officer, effective September 5, 2023, to assume...
Moody's Corporation Reports Results for Second Quarter 2023
NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE: MCO) today announced results for the second quarter 2023, as well as updated its outlook for select metrics for full year 2023. The Second Quarter...