State Street Corporation

Halal Rating :
Uncomfortable
Last Price $99.4
Market Cap $29.15b
1D Change

-0.75 %

1 Year Change

37.26 %

Next Earnings Date

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

Fail

Based 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

Pass

While 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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