MSCI Inc.
MSCI Inc. Reports Strong Third Quarter 2024 Financial Results and New Share Repurchase Program
Summary
On October 29, 2024, MSCI Inc. reported its financial results for the third quarter ended September 30, 2024, showing an increase in operating revenues by 15.9% to $724.7 million. The company also declared a cash dividend of $1.60 per share for the fourth quarter and announced a new share repurchase program for up to $1.5 billion. The company's diluted EPS increased by 9.2% to $3.57, beating expectations. MSCI continues to exhibit robust growth across its segments, particularly in asset-based fees and recurring subscription revenues.
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About MSCI Inc.
MSCI Inc. is a global provider of investment decision support tools, offering products and services that include indices, portfolio risk, and performance analytics. The company's indices, such as the MSCI World, MSCI Emerging Markets, and MSCI EAFE, serve as key benchmarks for international equity markets and are widely utilized by institutional investors and asset managers for portfolio management and performance measurement. MSCI's offerings are critical in the construction and management of both active and passive investment portfolios, impacting sectors across the financial industry. Headquartered in New York City, MSCI supports investment decisions by integrating financial modeling tools, data metrics, and ethical analysis, including Environmental, Social, and Governance (ESG) ratings, to help investors better manage risk and improve transparency. Its extensive global reach and innovative solutions play a pivotal role in shaping the landscape of financial investment strategies worldwide.
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