STATE STREET CORP — Form 8-K
Filed August 12, 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 share of Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L) with a $100,000 liquidation preference per underlying share, totaling $500 million in aggregate value. The shares were issued pursuant to an underwriting agreement dated August 5, 2026, with Goldman Sachs and Morgan Stanley as lead underwriters. Equiniti Trust Company, LLC was appointed as depositary under a deposit agreement dated August 12, 2026.
Why this rating
$500M preferred offering is ~1.6% of State Street's $30.3B market cap—routine capital raise, not material to trajectory.
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