EDGAR·FLOW

STATE STREET CORP — Form 8-K

Filed August 7, 2026 · analyzed by the 8-K Agent
8-K — Neutral significance 28/100
What the filing says
State Street Corporation issued 500,000 depositary shares (each representing 1/100th of a Series L Preferred Stock share) on August 5, 2026, at a purchase price of $994 per depositary share ($100,000 per underlying preferred share liquidation preference). Goldman Sachs and Morgan Stanley served as representatives, with Goldman purchasing 240,000 shares and Morgan Stanley purchasing 240,000 shares. The preferred stock carries a fixed dividend rate of 6.350% annually until September 15, 2031, then resets to the 5-year Treasury rate plus 2.023% thereafter. Net proceeds to State Street approximate $497 million (500,000 × $994), representing capital raised for general corporate purposes.
Why this rating

Capital raise of ~$497M is ~1.6% of State Street's $30.3B market cap—routine for a major bank. No business-model change or material debt. Standard preferred equity issuance.

View original filing on SEC.gov ↗ STT-PG · stock on Yahoo Finance ↗

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