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Finance
How S&P Global Quietly Collects a Toll on Wall Street
This company has become a permanent, revenue-bearing fixture of the investing world.
Some companies enjoy a far more reliable stream of revenue than others. Financial outfit S&P Global(NYSE: SPGI) is one of these companies. The bulk of its business comes from providing services that Wall Street pays for over and over again, mostly because the industry can't get them anywhere else.
Yes, this is the same company that maintains and licenses the S&P 500 index, plus several other indexes. That's not its biggest business, though. S&P Global's single biggest moneymaker is selling its market and equity (stock) research, or "Market Intelligence," while its second-biggest business is bond ratings.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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