In today’s briefing:
- Global Payments Inc. (GPN) Financial Factsheet – Growth, Valuation and Peer Comps
- NSE NIFTY50/ Vol Update / INDO-PAK CONFLICT SPURS LOCAL RISK-PREMIA HIGHER. IV @ +18.0%
- S&P Global: 7 Major Game-Changers Impacting Its 2025 Performance & Beyond!
Global Payments Inc. (GPN) Financial Factsheet – Growth, Valuation and Peer Comps
- The Company posted strong Q1 2205 results with adjusted EPS (incl. share-based comp) growing 9.3% YOY, adjusted operating margin expanding 70 bps YOY. Excl. share-based comp, adj. EPS was $2.82.
- The Company expects margin expansion and double digit adjusted EPS growth for FY 2025.
- Sale of Issuer Solutions segment and acqusition of Worldpay will simplify operations and enhance growth. GPN trades at a significant discount to the peer group average.
NSE NIFTY50/ Vol Update / INDO-PAK CONFLICT SPURS LOCAL RISK-PREMIA HIGHER. IV @ +18.0%
- Onset of IND-PAK military conflict spurs IVs higher to +18% levels. Vol Regime model holds in “High & Up” state.
- Skew extends to extreme levels, RRs trades from -5.0 to -7.0 vols. Vol Term-structure is now flat in the front-end & in Backwardation at the back-end of the curve.
- Tactical Implications: Avoid Risk-premia harvesting as “High & Up” vol-state prevails.
S&P Global: 7 Major Game-Changers Impacting Its 2025 Performance & Beyond!
- S&P Global Inc., a leader in financial information and analytics, presented a robust first quarter in 2025.
- The company showcased broad-based growth across all five of its divisions, marking an 8% annual increase in revenue, driven by a 7% rise in subscription products.
- Concurrently, S&P Global reported a 240 basis point expansion in year-over-year margins, along with a 9% jump in adjusted diluted EPS.
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