State Street Corporation Announces Preliminary Stress Capital Buffer Requirement and the Intention to Increase its Quarterly Common Stock Dividend by 10% to $0.69 per share
Retrieved on:
Friday, June 30, 2023
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State Street’s well-positioned balance sheet and strong capital position were highly resilient under the severely adverse economic conditions of the 2023 CCAR exam.
Key Points:
- State Street’s well-positioned balance sheet and strong capital position were highly resilient under the severely adverse economic conditions of the 2023 CCAR exam.
- State Street’s Board of Directors will consider the common stock dividend at a regularly scheduled board meeting in the third quarter of 2023.
- The common share repurchase program does not have specific price targets and may be suspended at any time.
- This release follows the earlier announcement of the Federal Reserve’s supervisory stress test results for covered institutions, including State Street, based on its own methodology.