Recent Updates — STT
On October 20, 2026, State Street Corporation issued $750 million of Fixed-to-Floating Rate Senior Notes due 2037 in a public offering, expecting net proceeds of approximately $745.6 million. Simultaneously, wholly-owned subsidiary State Street Bank and Trust Company issued $1.25 billion in senior notes due 2028 ($500 million floating rate and $750 million at 5.147%) in an exempt private placement, expecting net proceeds of approximately $1.246 billion. The combined gross issuance totals $1.5 billion with total expected net proceeds of roughly $1.99 billion. State Street Corporation is a global investment company that provides investment servicing, data and analytics, and investment management to institutional clients.
State Street Corporation reported third-quarter 2026 diluted earnings per share of $3.69, up 33% from the prior year period, on total revenue of $4.0 billion, which increased 13% year-over-year. The company also announced that its Board of Directors elected Alexander Vollert as an independent director effective October 9, 2026, appointing him to the Technology and Operations and Risk Committees. Additionally, State Street notified holders of its $500 million in 1.684% Fixed-to-Floating Rate Senior Notes due 2027 that it will redeem all notes on November 18, 2026. State Street Corporation is a leading global provider of financial services to institutional investors, including investment servicing and management.
State Street Corporation announced two executive leadership appointments effective immediately on September 14, 2026. Mostapha Tahiri was appointed President of State Street Alpha while retaining his role as Chairman of Asia Pacific. Ann Fogarty succeeded him as Enterprise Chief Operating Officer, with a target incentive compensation award of $5,650,000. Ms. Fogarty previously served as Investment Services Chief Operating Officer and held various leadership roles at BNY Mellon and AIB Capital Markets. State Street Corporation operates in the financial services industry, providing investment servicing, performance measurement, and trading management for institutional clients.
On August 12, 2026, State Street Corporation issued and sold 500,000 depositary shares in a public offering. Each depositary share represents a 1/100th ownership interest in the newly created Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, which has a liquidation preference of $100,000 per share. Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC served as underwriters for the transaction. State Street expects to receive net proceeds of approximately $495.7 million after deducting underwriting discounts and estimated offering expenses. The preferred stock was created via Articles of Amendment filed on August 6, 2026, with a deposit agreement entered into on August 12, 2026. State Street Corporation operates in the financial services industry, providing investment servicing, performance measurement, and data management.
On July 23, 2026, State Street Bank and Trust Company issued $750,000,000 in 4.701% Senior Notes due 2029 and $500,000,000 in 5.217% Senior Notes due 2034. The company expects to receive net proceeds of approximately $1.244 billion after expenses. State Street Corporation is a financial services company providing investment and asset management solutions.
State Street Corporation reported second-quarter 2026 results, featuring total revenue of $4.05 billion, a 17% increase year-over-year, and diluted earnings per share of $3.65, up 68% from $2.17 in 2Q25. Net income reached $1.08 billion, compared to $693 million in the prior-year period. The company achieved record assets under custody and/or administration of $57.9 trillion and record assets under management of $6.3 trillion. Management also announced a 10% increase to the third-quarter common stock dividend. The company updated its full-year 2026 outlook, raising fee revenue guidance to a 12%–13% increase and net interest income guidance to a 14%–15% increase. State Street is a financial services provider for institutional investors, specializing in investment servicing, management, and research.