S&P GLOBAL INC

GS Finance Corp. has filed a Form 424B2 for $6,723,000 Autocallable S&P 500 Index-Linked Notes due in 2030, guaranteed by The Goldman Sachs Group, Inc. These notes do not bear interest and carry a risk of significant investment loss, with payment at maturity dependent on the S&P 500 Index's performance. The notes also feature an automatic call if the underlier's closing level meets or exceeds the initial level on the call observation date, resulting in a capped payment.

An S&P Global analysis, in partnership with Arctal, reveals how $3.2 trillion in capital raised by labeled bonds over the past decade has been deployed, primarily towards climate mitigation projects. While corporate issuers have focused on climate and decarbonization, sovereign and international development banks have increasingly allocated capital to social impact uses. The analysis also highlights a "home-region bias" in capital deployment, with limited cross-border flows to developing nations for climate investment, signaling a gap in aligning with international climate finance commitments.

Daymon Loeb, CEO of Ravenstone Capital Management, is focusing on "boring, traditional businesses" with strong fundamentals and reasonable valuations, rather than the AI trade. He has recently bought S&P Global (SPGI-N) due to its dominant market position and attractive valuation despite AI disruption fears, and Berkshire Hathaway (BRK-B-N), believing the market undervalues its intrinsic value and new CEO Greg Abel's leadership. Mastercard (MA-N) is another recent purchase, valued for its global duopoly in payment systems and lack of credit risk.

Morgan Stanley has downgraded Cisco Systems Inc. (NASDAQ:CSCO) to Equalweight from Overweight, reducing its price target due to valuation concerns, despite the stock's significant rise over the past year. The firm believes that a substantial portion of the AI-driven rerating and market-cap expansion is already reflected in the shares, leaving less room for upside from earnings growth. This decision comes even as other analysts have recently raised their price targets for Cisco, citing strong fiscal 2026 results and growth prospects.

Arthur J. Gallagher & Co. reported strong third-quarter results, with its Brokerage and Risk Management operations achieving 5 percent organic growth and adjusted diluted earnings per share increasing to $3.00. The company maintained its full-year 2026 organic-growth outlook of approximately 6 percent, emphasizing acquisition integration and organic expansion. The stock traded at 249.60 euros on November 4, 2026, showing a positive trend since its latest report.

Wells Fargo Finance LLC, guaranteed by Wells Fargo & Company, has filed a Form FWP for Market Linked Securities due November 29, 2029. These principal at-risk securities are linked to the S&P 500 Index and offer leveraged upside participation to a cap and fixed percentage buffered downside. The term sheet outlines the summary of terms, potential payout profiles, and critical risk considerations for investors.