State Street Statement on Share Repurchases
16 März 2020 - 3:02PM
Business Wire
State Street Corporation (NYSE:STT) announced today that it has
temporarily suspended its common stock repurchase program through
June 2020. This action is consistent with the announcement by the
Financial Services Forum yesterday that its eight members,
including State Street, decided to temporarily suspend share
buybacks, in light of the COVID-19 pandemic. There is no change to
State Street’s dividend policy.
State Street’s actions are taken in support of the broader
financial system and economy at this time. For more than 227 years
we have stood by our clients and broader constituencies, and this
time will be no different.
State Street may reinstate its common stock repurchase program
at any time based on several factors, including developments
associated with the COVID-19 pandemic, market conditions and its
capital position and financial performance.
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $34.36 trillion in assets
under custody and/or administration and $3.12 trillion* in assets
under management as of December 31, 2019, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street's website at www.statestreet.com. *
*Assets under management as of December 31, 2019 includes
approximately $45 billion of assets with respect to which State
Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as
marketing agent; SSGA FD and State Street Global Advisors are
affiliated.
© 2020 State Street Corporation - All Rights Reserved
Expiration Date: 3/16/2021
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version on businesswire.com: https://www.businesswire.com/news/home/20200316005509/en/
Marc Hazelton MHAZELTON@StateStreet.com 1 617 662 1860
Ilene Fiszel Bieler IFiszelBieler@StateStreet.com 1 617 664
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