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State Street Corporation 8-K Report: Key Insights on Preferred Stock Structure

$STT
Form 8-K
Filed on: 2025-02-28
Source
State Street Corporation 8-K Report: Key Insights on Preferred Stock Structure

Based on the provided financial report section, here are the key insights and information extracted:

  1. Entity Information:
  • Name: State Street Corporation
  • CIK: 0000093751
  • Address: One Congress Street, Boston, MA 02114
  • Phone Number: (617) 786-3000
  • Ticker Symbols: STT (Common stock), STT.PRG (Depositary Shares)
  1. Filing Type:
  • Form: 8-K
  • Filing Date: February 25, 2025
  1. Stock Information:
  • The report mentions Depositary Shares that represent a 1/4,000th ownership interest in a share of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock.
  • Common Stock: The common stock has a par value of $1 per share.
  1. Financial Reporting Context:
  • The reporting period is for a single day: February 25, 2025.
  • The report indicates the stock classifications as part of the US GAAP framework, specifically referencing:
    • Common Stock Member
    • Series G Preferred Stock Depository Share Member
  1. Regulatory Framework:
  • The financial report is structured according to the XBRL (eXtensible Business Reporting Language) standards, which indicates it is intended for electronic filing with the SEC.
  1. Key Dates:
  • Start Date: February 25, 2025
  • End Date: February 25, 2025

Insights

  • The filing is an important communication from State Street Corporation regarding its preferred stock structure, which may be of interest to investors looking for income through preferred shares due to their fixed-to-floating rate characteristics.
  • The specific filing type (8-K) suggests that this report may contain significant events or changes that are material to the investors or the company’s operational structure.
  • The focus on both common and preferred stock indicates a diversified capital structure, which can be useful for investors assessing their investment options in State Street Corporation.

Overall, this section provides critical insights into State Street's capital structure, specific stock offerings, and pertinent information for investors.