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Custody and asset servicing

The 3 companies in this industry listed on the NYSE and Nasdaq are worth $172 bn combined; the largest are BNY (BNY), State Street (STT) and Northern Trust (NTRS). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Comfortable leader
3 companies value 172 bn revenue 43 bn margin — free cash flow — avg. score 6.4
BNY holds 56.1% of the group's value, 2.1x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 BNY BNY
United States · score 6.3
56% 97 bn 20 bn 31.4% 1.6 bn 1.6% 1.5% Asset custody, investment services and payments · World's largest custodian bank; holds about $50 trillion in assets
2 STT State Street
United States · score 6.8
26% 45 bn 15 bn 23.0% 2.0 bn 4.4% 2.5% Asset custody and investment management · Top 3 in global custody; owner of SPDR (the SPY ETF)
3 NTRS Northern Trust
United States · score 6.2
18% 30 bn 8.1 bn 27.7% 0.5 bn 1.5% 2.0% Custody, wealth management and asset servicing · Custody and wealth management for large families and institutions

Other industries in the same sector

and 31 industries more
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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