Moody’s (MCO) J.P. Morgan Ultimate Services Investor Conference 2024 summary

Strategic pillars and business structure

• Focused on liquidity, transparency, and integrity as guiding pillars, structuring divisions accordingly.

• Market services and fintech divisions drive liquidity and integrity, while Capital Access Platforms enhance transparency.

• Technology offerings include risk management, regulatory reporting, surveillance, and anti-financial crime tools.

• Expanded services connect corporates and investors, supporting smarter asset allocation and governance.

Market environment and capital markets outlook

• Anticipates improved IPO environment in 2025, with increased company confidence but not expecting a surge.

• Listings business has faced growth headwinds due to subdued IPO activity, impacting related corporate services.

• Structural trends in fintech, anti-financial crime, and regulatory tech remain strong and consistent.

• Capital markets activity creates a positive flywheel, benefiting trading, indexes, and investor relations services.

• Lag effects exist in revenue from new listings and corporate services due to amortization and sales cycles.

Fintech division integration and growth

• Fintech division organized into capital markets tech, reg tech, and anti-financial crime, with strong team integration.

• Large and growing serviceable addressable market, driven by modernization, regulatory reporting, and anti-financial crime trends.

• Focused on cross-sell opportunities, global expansion, and leveraging enterprise-level programs like client data management and AI.