State Street Corporation (STT) Q3 2022 Earnings Call Transcript

State Street Corporation (NYSE:STT) Q3 2022 Earnings Conference Call October 18, 2022 11:00 AM ET

Company Participants

Ron O’Hanley - Chairman and CEO

Eric Aboaf - Vice Chairman and CFO

Ilene Fiszel Bieler - EVP and Global Head of IR

Conference Call Participants

Glenn Schorr - Evercore ISI

Ken Usdin - Jefferies

Alex Blostein - Goldman Sachs

Brennan Hawken - UBS

Steven Chubak - Wolfe Research

Brian Bedell - Deutsche Bank

Jim Mitchell - Seaport Global

Gerard Cassidy - RBC Capital Markets

Michael Brown - Keefe, Bruyette & Woods

Michael Mayo - Wells Fargo Securities

Betsy Graseck - Morgan Stanley

Vivek Juneja - JPMorgan

Operator

Good morning, and welcome to State Street Corporation Third Quarter 2022 Earnings Conference Call and Webcast. Today’s discussion is being broadcast live on State Street’s Web site 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 the expressed written authorization from State Street Corporation. The only authorized broadcast of this call will be housed in the State Street Web site.

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

Ilene Fiszel Bieler

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 third quarter 2022 earnings slide presentation, which is available for download in the Investor Relations section of our Web site, 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 in the IR section of our Web site. 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.