
State Street Corporation
-0.75 %
37.26 %
Yet to be announced
Company Overview
State Street Corporation provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products, including custody, product accounting, daily pricing and administration. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data.
Revenue Sources
FailBased on State Street's business model and financial data, the company derives a significant portion of its revenue from interest-based activities and traditional banking operations. The company's core business includes custody banking, investment management, and other financial services that inherently involve interest-based income.
Reliance on Interest
Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
---|---|---|---|---|---|---|
Sept. 30, 2024 | $3.26b | $2.36b | $723.0m | $2.36b | 22.18% | 100.00% |
June 30, 2024 | $3.19b | $2.26b | $735.0m | $2.26b | 23.03% | 100.00% |
March 31, 2024 | $3.14b | $2.17b | $716.0m | $2.17b | 22.82% | 100.00% |
Dec. 31, 2023 | $3.04b | $1.92b | $678.0m | $1.92b | 22.28% | 100.00% |
Analysis of the last four quarters shows that both interest income and interest expense are material components of State Street's business model. Interest income consistently represents over 20% of total revenue, while interest expense constitutes a significant portion of total expenses. This indicates that interest-based activities are core to the company's operations.
Operational Ethics
PassWhile State Street operates globally, there is no clear evidence of substantial ongoing collaboration with entities involved in human rights violations. The company maintains standard financial industry relationships in various markets, but these do not appear to constitute material associations with problematic entities.
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