JPM | US Special Situations Daily: July 08, 2026: North America Special Situations Specialist Commentary

研报英文原文证据摘录

JPM | US Special Situations Daily: July 08, 2026: North America Special Situations Specialist Commentary

Post-Spin Recast and MI Revamp; Demystifying Key Changes - Andrew C. Steinerman hereOn Monday,

Information Services Provider S&P Global (SPGI) recast 2025 and 1Q26 financials to account for the recently completed spin

of Mobility Global (MBGL; not covered). Separately, S&P announced a new operating model “evolution” for its Market

Intelligence (MI) division, which will now be reported as two focused sub-segments, Kensho Data & Platforms and Enterprise

Solutions, “to better align the business with changing customer needs and to position the company for growth in an AI-driven

market.” See the relevant filings here and here. In our view, these changes help position S&P Global as a more-nimble,

streamlined organization with a sharpened focus on core strengths: market-leading benchmarks, deep and broad core datasets,

flexible delivery, and an enterprise-wide proactive embrace of AI. In the short-run, investors will have to familiarize

themselves with the firm’s altered financial profile and segment reporting structure. We intend for this report to help clients

navigate these changes.

Event Driven Options Activity

• AMZN (52 trades over 500 contracts), WBD (36 trades over 500 contracts), BSX (2 trades over 500 contracts), DVN (2 trades

over 500 contracts), IONQ (2 trades over 500 contracts), QXO (2 trades over 500 contracts), SSTK (2 trades over 500

contracts), UNP (2 trades over 500 contracts), CHTR (1 trade over 500 contracts), GETY (1 trade over 500 contracts), SGI (1

trade over 500 contracts), SWKS (1 trade over 500 contracts)

Special Situations Commentary

• JPM | US Special Situations: Deal Survey of the Americas - July 6, 2026 - Link