State Street Corp Files 8-K on Preferred Stock
Ticker: STT-PG · Form: 8-K · Filed: Nov 25, 2024 · CIK: 93751
| Field | Detail |
|---|---|
| Company | State Street Corp (STT-PG) |
| Form Type | 8-K |
| Filed Date | Nov 25, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1, $300,000,000, $1,150,000,000, $800,000,000, $2.241 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-stock, disclosure
Related Tickers: STT
TL;DR
STT filed an 8-K about preferred stock. Nothing major, just an update.
AI Summary
State Street Corporation filed an 8-K on November 25, 2024, reporting on events that occurred on November 20, 2024. The filing primarily concerns depositary shares representing ownership interests in fixed-to-floating rate non-cumulative perpetual preferred stock. No specific dollar amounts or new financial events were detailed in the provided text.
Why It Matters
This filing provides an update on State Street's preferred stock structure, which can impact its capital ratios and investor perception.
Risk Assessment
Risk Level: low — The filing is a routine disclosure regarding preferred stock and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- STATE STREET CORP (company) — Registrant
- November 20, 2024 (date) — Earliest Event Reported
- November 25, 2024 (date) — Filing Date
FAQ
What is the primary subject of this 8-K filing?
The primary subject is depositary shares, each representing a fractional ownership interest in a share of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock.
When was the earliest event reported in this filing?
The earliest event reported was on November 20, 2024.
What is the filing date for this 8-K?
The filing date is November 25, 2024.
What is the Standard Industrial Classification for State Street Corp?
The Standard Industrial Classification is 'STATE COMMERCIAL BANKS [6022]'.
Where is State Street Corporation headquartered?
State Street Corporation is headquartered in Boston, MA, with its business address at 1 Congress Street, Suite 1, Boston, MA 02114.
Filing Stats: 734 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-11-25 16:10:33
Key Financial Figures
- $1 — ange on which registered Common stock, $1 par value per share STT New York St
- $300,000,000 — ary of State Street Corporation, issued $300,000,000 aggregate principal amount of Floating
- $1,150,000,000 — of Floating Rate Senior Notes due 2026, $1,150,000,000 aggregate principal amount of 4.594% Se
- $800,000,000 — unt of 4.594% Senior Notes due 2026 and $800,000,000 aggregate principal amount of 4.782% Se
- $2.241 b — ring of the Bank Notes of approximately $2.241 billion, after deducting the initial purc
Filing Documents
- d854181d8k.htm (8-K) — 30KB
- d854181dex41.htm (EX-4.1) — 342KB
- g854181dsp38.jpg (GRAPHIC) — 22KB
- g854181dsp5.jpg (GRAPHIC) — 21KB
- g854181dsp57.jpg (GRAPHIC) — 21KB
- 0001193125-24-265166.txt ( ) — 682KB
- stt-20241120.xsd (EX-101.SCH) — 4KB
- stt-20241120_def.xml (EX-101.DEF) — 13KB
- stt-20241120_lab.xml (EX-101.LAB) — 21KB
- stt-20241120_pre.xml (EX-101.PRE) — 14KB
- d854181d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 4.1 Fiscal Agency Agreement, dated November 25, 2024, by and between State Street Bank and Trust Company and U.S. Bank Trust Company, National Association 4.2 Form of Floating Rate Senior Notes due 2026 (included in Exhibit 4.1) 4.3 Form of 4.594% Senior Notes due 2026 (included in Exhibit 4.1) 4.4 Form of 4.782% Senior Notes due 2029 (included in Exhibit 4.1) *104 Cover Page Interactive Data File (formatted as Inline XBRL) * Submitted electronically herewith
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. By: /s/ Elizabeth M. Schaefer Name: Elizabeth M. Schaefer Title: Senior Vice President and Chief Accounting Officer Date: November 25, 2024