State Street Corporation (NYSE:STT) Files An 8-K Other EventsItem 8.01. Other Events.
State Street Corporation (NYSE:STT) Files An 8-K Other Events
On June 28, 2017, State Street Corporation announced that the Board of Governors of the Federal Reserve System did not object to the Company’s capital plan, reviewed by the Federal Reserve as part of the 2017 Comprehensive Capital Analysis and Review (CCAR) process. The capital plan includes a proposed common stock dividend increase and a new common stock purchase program.
A copy of State Street’s news release with respect to this announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference into this Item 8.01.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description of Exhibit
99.1 State Street news release dated June 28, 2017.
STATE STREET CORP ExhibitEX-99.1 2 exhibit991a01.htm EXHIBIT 99.1 exhibit991a01 STATE STREET CORPORATION 1
State Street Corporation Announces Planned Increase to Its Quarterly Common Stock
Dividend to $0.42 per Share and an Authorization to Purchase Up to $1.4 Billion of its
Common Stock
Boston,…To view the full exhibit click
State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers. It has approximately two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business performs core custody and related value-added functions, such as providing institutional investors with clearing, payment and settlement services. Its Investment Management services through State Street Global Advisors (SSGA). SSGA provides a range of investment management, investment research and investment advisory services.
here About State Street Corporation (NYSE:STT) State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers. It has approximately two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business performs core custody and related value-added functions, such as providing institutional investors with clearing, payment and settlement services. Its Investment Management services through State Street Global Advisors (SSGA). SSGA provides a range of investment management, investment research and investment advisory services.