Schaefer Elizabeth sold $91K of STT

State Street Corporation (STT) issued $750M in Fixed-to-Floating Rate Senior Notes due 2037. Its subsidiary, State Street Bank and Trust Company, issued $500M in Floating Rate Senior Notes and $750M in 5.147% Senior Notes, both due 2028. The offerings priced and closed on October 20, 2026. Goldman Sachs, Morgan Stanley, Scotia Capital, and TD Securities were involved as representatives.

State Street issued $750M of fixed-to-floating senior notes due 2037, raising about $745.6M net. Its bank unit sold $1.25B of senior notes, including $500M floating-rate and $750M 5.147% notes due 2028, raising about $1.246B net. The proceeds will go to the company after fees and expenses, according to SEC filings.

STATE STREET CORP (STT) filed an SEC Form 8-K — Other Events. Item 8.01. Other Events . On October 20, 2026, State Street Corporation (“State Street”) issued $750,000,000 aggregate principal amount of Fixed-to-Floating Rate Senior Notes due 2037 (the “Fixed-to-Floating Rate Senior Notes”) in a public offering pursuant to a registration stat

China's U.S. Treasury holdings fell to $590.7B in August 2026, the lowest in 18 years, but some bonds may be held in other countries' custody accounts. Belgium and Canada's holdings rose, with a former Treasury official suggesting China may use multiple non-U.S. custodians. BNY Mellon and State Street reported Q3 earnings growth, with BNY up 0.41% and State Street down 5.28% last week. Long-term Treasury ETFs rose 2.65%, and CME Group saw record trading volumes, with shares up 4.74%.

Geopolitical tensions in the Strait of Hormuz have caused oil prices to surge, leading to inflation and a crisis in the US banking sector. According to Bloomberg, Bank of America (BAC), State Street (STT), and Citigroup (C) shares dropped 18%, 14%, and 10% respectively. The Fed raised rates to 4% to combat inflation, further straining banks. The KBW index of major US banks fell 13% from its August peak, marking its longest decline since 2008.

Analysts updated ratings and price targets for Ares Management (ARES), State Street (STT), and US Bancorp (USB). Wells Fargo maintained a Buy rating on ARES with a $136 target. Bank of America reiterated a Hold on STT with a $186 target. Barclays kept a Buy on USB with a $75 target. All three stocks have consensus Moderate Buy ratings with upside potential.