State Street Corporation (NYSE:STT) will hold the 2025 Annual Meeting of Shareholders on Wednesday, May 14, 2025 at 9:00 a.m. ET. The Annual Meeting of Shareholders will be conducted online via live audio webcast at www.virtualshareholdermeeting.com/STT2025. State Street’s Chairman and Chief Executive Officer, Ronald P. O’Hanley, will provide brief remarks and respond to shareholder submitted questions.

State Street Integrates EMAlpha’s Multilingual AI into LINK Trading Platform

On May 8, 2025, State Street Corporation announced the integration of EMAlpha’s multilingual AI information tool into its LINK smart desktop platform, part of the GlobalLINK suite. This marks LINK’s first third-party integration and enhances the platform’s capabilities by offering real-time, AI-driven insights into currency markets derived from global, multilingual data sources.

EMAlpha’s AI co-pilot scans and summarizes worldwide information flows, enabling LINK users to monitor market sentiment in nearly any language. This functionality is designed to support better-informed trading decisions, especially during periods of market volatility. The integration allows users to access targeted risk reports and insights seamlessly through LINK’s customizable interface.

State Street manages $46.7 trillion in assets under custody and $4.7 trillion in assets under management as of March 31, 2025. EMAlpha, based in Atlanta, specializes in sentiment tracking and AI-driven tools for trading and macroeconomic analysis.

State Street Corporation (NYSE: STT) plans to announce its second-quarter 2025 financial results on Tuesday, July 15, 2025 at approximately 7:30 a.m. ET. A conference call to review the firm’s financial results will be held at 12:00 p.m. ET.

The conference call will be accessible via audio webcast on State Street’s Investor Relations website, http://investors.statestreet.com, or by telephone at (+1) 805 309 0220 (Participant Passcode: 1408453#). Materials will be available on the website prior to the call.

For those unable to listen to the live webcast, a replay will be available on the website for approximately one month.

State Street Corporation announced that John F. Woods will join the company as Chief Financial Officer, effective no later than August 25, 2025. Woods currently serves as CFO and Vice Chair at Citizens Financial Group, where he has overseen key financial functions since 2017. He brings prior experience from MUFG and JPMorgan Chase.

Under his new agreement with State Street, Woods will receive:

- A $750,000 base salary and a target 2025 incentive of $6.75 million
- A one-time $1 million transition payment
- Buy-out compensation totaling $15 million to replace forfeited Citizens awards, including:
- $3 million in cash,
- $8.5 million in deferred stock (vesting in 2027 and 2028),
- $3.5 million in performance-based restricted stock units (vesting in 2028)

His agreement also includes standard executive benefits and restrictive covenants like non-solicitation and non-compete clauses.

State Street Appoints John F. Woods as Chief Financial Officer

State Street Corporation announced the appointment of John F. Woods as Chief Financial Officer, effective late August. Woods succeeds interim CFO Mark Keating, who will return to his role as CFO for Investment Services.

State Street Corporation Issues $2 Billion in Senior Notes Across Three Tranches

State Street Corporation (NYSE: STT) has completed a public offering of $2 billion in senior notes, consisting of:

$300 million in Floating Rate Senior Notes due 2028

$700 million in Fixed-to-Floating Rate Senior Notes due 2028

$1 billion in 4.834% Senior Notes due 2030

The offering was made under an existing shelf registration and executed pursuant to an underwriting agreement with Morgan Stanley, Citigroup, HSBC, and Loop Capital. The issuance was carried out under the Indenture framework established with U.S. Bank Trust Company.

Net proceeds are expected to total approximately $1.991 billion, after underwriting discounts and expenses. Legal counsel WilmerHale issued an opinion confirming the Notes' legality. The capital raise is expected to support State Street’s general corporate purposes.

State Street reported earnings per share of $2.04 for the first quarter of 2025, up 49% year-over-year and 21% when excluding notable items.

Total revenue increased by 5% to $3.28 billion, driven by a 6% rise in fee revenue. Servicing fees rose 4%, management fees increased 10%, and front office software and data revenue grew 10%. Expenses declined 3% overall but rose 3% when excluding notable items, resulting in positive operating leverage. Net income was $644 million, up 39% from the prior year. Assets under custody and/or administration reached $46.7 trillion, up 6%, while assets under management rose 9% to $4.7 trillion.

New servicing wins added $55 million in annual revenue and $182 billion in AUC/A, with $3.1 trillion still to be installed in future quarters. State Street returned $320 million to shareholders through dividends and buybacks. The Common Equity Tier 1 capital ratio under the standardized approach was 11.0%, and liquidity coverage ratio stood at 106%. Despite a sequential decline in EPS and net income from Q4 2024, the company emphasized strong financial discipline, broad-based revenue growth, and strategic client wins. CEO Ron O’Hanley highlighted resilience in navigating geopolitical and macroeconomic uncertainty and affirmed confidence in the firm's long-term strategy.

State Street Corporation announced the issuance of $2.75 billion in senior notes. The offering includes $1.35 billion of 4.536% Senior Notes due 2028, $650 million of 4.729% Senior Notes due 2030, and $750 million of Fixed-to-Floating Rate Senior Notes due 2036. The notes were issued under an existing registration statement and are governed by an indenture with U.S. Bank Trust Company as trustee.

The notes were sold through an underwriting agreement with Goldman Sachs, Deutsche Bank Securities, Samuel A. Ramirez & Company, and UBS Securities. State Street expects to receive approximately $2.737 billion in net proceeds after underwriting discounts and expenses. Legal counsel Wilmer Cutler Pickering Hale and Dorr LLP provided an opinion regarding the legality of the issuance.

State Street Corporation announced that it will redeem its $500 million aggregate principal amount of 2.901% Fixed-to-Floating Rate Senior Notes due 2026 on March 30, 2025. The redemption price will be 100% of the principal amount, plus accrued and unpaid interest up to the redemption date. Since the redemption date falls on a non-business day, payment will be made on the next business day. Interest on the notes will cease accruing after the redemption date. State Street will fund the redemption using cash on hand. The filing clarifies that the disclosure is not considered "filed" under the Securities Exchange Act or the Securities Act unless specifically referenced in another filing.

State Street Corporation filed a Form 8-K report with the SEC on February 5, 2025. The report includes amendments to its Articles of Organization to establish the terms of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K, with a liquidation preference of $100,000 per share.

The company also entered into an underwriting agreement with BofA Securities and Morgan Stanley for the sale of 750,000 depositary shares, each representing a 1/100th interest in a share of the preferred stock, in an underwritten public offering. The offering was priced at $1,000 per depositary share, generating approximately $743.1 million in net proceeds.

Additionally, State Street plans to enter into a deposit agreement with Equiniti Trust Company for the administration of the depositary shares. The report includes relevant exhibits, such as the underwriting agreement and the Articles of Amendment.

State Street Corporation reported strong financial results for the fourth quarter of 2024, with earnings per share (EPS) of $2.46 ($2.60 excluding notable items). Total revenue increased 12% year-over-year, driven by a 13% rise in fee revenue and a 10% increase in net interest income. The company also achieved positive fee and operating leverage, with a return on equity (ROE) of 12.7% (13.5% excluding notable items).

Key highlights included record-breaking achievements in several areas:
- Assets under custody and administration (AUC/A) grew 11% year-over-year to $46.6 trillion.
- Assets under management (AUM) rose 15% to $4.7 trillion, supported by $64 billion in net inflows during the quarter.
- Management fees increased 20%, and servicing fees grew by 6%.

State Street also secured $1.1 trillion in new AUC/A wins and $154 million in new servicing fee revenue during the quarter, reflecting strong business momentum. Notably, the company continued to expand its State Street Alpha® platform and front-office software and data services, achieving a 19% increase in annual recurring revenue (ARR) in this segment.

Expenses decreased 14% compared to the prior year, primarily due to notable items such as an FDIC special assessment in 2023. Excluding these items, expenses increased by 8%, reflecting higher performance-based incentives, employee benefits, and continued investments in technology.

Capital and liquidity levels remained strong, with a Common Equity Tier 1 (CET1) ratio of 10.9% under the standardized approach. State Street returned $770 million to shareholders during the quarter, including $550 million in share repurchases and $220 million in dividends.

CEO Ron O'Hanley emphasized the company's successful execution of its strategy in 2024, highlighting achievements in revenue growth, business transformation, and client support. Looking forward, State Street aims to sustain growth, manage expenses, and return capital to shareholders.