State Street Corporation (STT) Q1 2023 Earnings Call Transcript

State Street Corporation (NYSE:STT) Q1 2023 Earnings Conference Call April 17, 2023 9:00 AM ET

Company Participants

Ilene Fiszel Bieler - EVP & Global Head of IR

Ronald P. O'Hanley - Chairman & CEO

Eric Aboaf - Vice Chairman & CFO

Conference Call Participants

Kenneth Usdin - Jefferies

Adam Beatty - UBS

Betsy Graseck - Morgan Stanley

Gerard Cassidy - RBC Capital Markets

James Mitchell - Seaport Global

Sharon Leung - Wolfe Research

Ebrahim Poonawala - Bank of America

Michael Mayo - Wells Fargo Securities

Rob Wildhack - Bernstein Autonomous

Vivek Juneja - J.P. Morgan

Operator

Good morning, and welcome to State Street Corporation's First Quarter 2023 Earnings Conference Call and Webcast. Today's discussion is being broadcast live on State Street's website at investors.statestreet.com. This conference call is also being recorded for replay. State Street's conference call is copyrighted and all rights are reserved. This call may not be recorded for rebroadcast or distribution in whole or in part without expressed written authorization from State Street Corporation. The only authorized broadcast of this call will be housed on the State Street website.

I will now -- I would now like to introduce Ilene Fiszel Bieler, Global Head of Investor Relations at State Street.

Ilene Fiszel Bieler

Thank you. Good morning, and thank you all for joining us. On our call today, our CEO, Ron O'Hanley will speak first. Then Eric Aboaf, our CFO will take you through our first quarter 2023 earnings slide presentation, which is available for download in the Investor Relations section of our website, investors.statestreet.com. Afterwards, we'll be happy to take questions. During the Q&A, please limit yourself to two questions and then requeue.

Before we get started, I would like to remind you that today's presentation will include results presented on a basis that excludes or adjusts one or more items from GAAP. Reconciliations of these non-GAAP measures to the most directly comparable GAAP or regulatory measure are available in the appendix to our slide presentation; also available on the IR section of our website.

In addition, today's presentation will contain forward-looking statements. Actual results may differ materially from those statements due to a variety of important factors such as those factors referenced in our discussion today and in our SEC filings, including the risk factors in our Form 10-K. Our forward-looking statements speak only as of today and we disclaim any obligation to update them even if our views change.