The redemption of preferred stock by State Street Corporation is a significant financial action that indicates the company's liquidity and financial health. This move could be perceived positively by investors as it reflects the company's ability to return capital to shareholders and manage its capital structure efficiently. The declaration of dividends leading up to the redemption date further underscores the company's commitment to shareholder returns. However, the impact on the stock price will depend on market perception of this action in the context of the company's overall financial strategy.