Moody’s Reports Increase in 4th Quarter Net Income and Anticipates Earnings Growth in 2024 as Markets and Economy Stabilize

Moody’s Corp. Rebounds with Higher Fourth-Quarter Net Income and Projects Further Growth in 2024

Moody’s Corp. reported a significant increase in fourth-quarter net income and is projecting further growth in 2024. The company’s bond-rating and financial-research arms are expected to benefit from a rebound in credit markets and stabilizing economic conditions. In the fourth quarter, Moody’s earnings rose to $340 million, compared to $246 million from the previous year. Excluding certain one-off items, the company recorded fourth-quarter earnings of $2.19 a share, which fell short of the average analyst estimate of $2.33 a share.

The fourth-quarter revenue saw a 15% surge to $1.48 billion, compared with the average analyst target of $1.49 billion. Revenue at its Moody’s Analytics research unit rose 11% to $796 million during the three-month period, while revenue at the Moody’s Investors Service credit-ratings unit rose by 19% to $684 million. The company attributed this growth to a rebound in Treasury markets and a brighter economic outlook. Bank-loan rating demand was the strongest since early 2022, indicating that businesses are becoming more optimistic about their future prospects.

For 2024, Moody’s projected earnings in a range between $9.45 a share and $10.20 a share, or between $10.25 a share and $11 a share on an adjusted basis. In 2023, Moody’s logged earnings of $8.73 a share. The company based its earnings projection on an assumption of U.S

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