The Idiot Index
Shareholder Extraction in Financial Services
0 of 52 companies · highest firstNot yet covered (52)
These companies are in the Financial Services cohort but don't have a Shareholder Extraction computed for FY . Either the underlying inputs aren't tagged in their XBRL filings, the DEF 14A pay-ratio narrative didn't parse cleanly, or this fiscal year hasn't been ingested for them yet.
- AFLAflac
- AIGAIG
- AJGArthur J. Gallagher
- ALLAllstate
- AONAon
- AXPAmerican Express
- BACBank of America
- BENFranklin Resources
- BKBNY Mellon
- BLKBlackRock
- BRBroadridge
- BROBrown & Brown
- BXBlackstone
- CCitigroup
- CBChubb
- CFGCitizens
- CMECME Group
- EGEverest Group
- EQHEquitable
- EVREvercore
- FCNCAFirst Citizens
- FITBFifth Third
- FNFFNF
- GSGoldman Sachs
- HBANHuntington
- HIGThe Hartford
- ICEICE
- IVZInvesco
- JPMJPMorgan Chase
- KEYKeyCorp
- MAMastercard
- MCOMoody's
- METMetLife
- MRSHMarsh McLennan
- MSMorgan Stanley
- MTBM&T Bank
- NDAQNasdaq
- NTRSNorthern Trust
- PGRProgressive
- PNCPNC
- PRUPrudential
- RFRegions
- SCHWCharles Schwab
- SPGIS&P Global
- STTState Street
- TFCTruist
- TROWT. Rowe Price
- TRVTravelers
- USBU.S. Bancorp
- VVisa
- WFCWells Fargo
- ZIONZions
What this measures
Full methodology →Dollars sent to shareholders for every dollar invested in R&D.
- Ratio
- Shareholder Extraction
- Sector
- Financial Services
- Methodology version
- v1.0.0
Applied to banks, insurers, asset managers, and exchanges. The standard Markup formulas (Revenue/COGS) are not meaningful here — banks have no Cost of Goods Sold; their economics run on interest spreads, premiums, and fees. The Shareholder Extraction ratio (which divides by R&D) is also not meaningful — financial firms typically report no R&D. The load-bearing indicators in this sector are Labor Share, Executive Extraction, and Capital Extraction (the universal share-of-net-income returned to shareholders). Markup-family rows are intentionally not computed for this sector; future methodology versions may add Net Interest Margin Inversion and Combined Ratio variants designed for bank and insurance economics.
Whether the company invests in future productive capacity or extracts current value to shareholders. A ratio above 3.0 typically indicates an extraction-dominant capital allocation policy. A ratio below 1.0 indicates the company is investing more in its future than returning to shareholders.
Source data: PaymentsForRepurchaseOfCommonStock, PaymentsOfDividends, ResearchAndDevelopmentExpense (us-gaap) or equivalents in IFRS.