State Street Corporation (STT) CEO Ron O'Hanley on Q2 2022 Results - Earnings Call Transcript

State Street Corporation (NYSE:STT) Q2 2022 Earnings Conference Call July 15, 2022 12:00 PM ET

Company Participants

Ilene Fiszel Bieler - EVP & Global Head, IR

Ron O’Hanley - Chairman, President & CEO

Eric Aboaf - EVP & CFO

Conference Call Participants

Glenn Schorr - Evercore ISI

Ken Usdin - Jefferies

Betsy Graseck - Morgan Stanley

Brennan Hawken - UBS

James Mitchell - Seaport Global

Brian Bedell - Deutsche Bank

Steven Chubak - Wolfe Research

Gerard Cassidy - RBC Capital Markets

Michael Mayo - Wells Fargo Securities

Robert Wildhack - Autonomous Research

Vivek Juneja - JPMorgan

Operator

Good morning, ladies and gentlemen, and welcome to State Street Corporation’s Second Quarter 2022 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 the expressed written authorization from State Street Corporation. The only authorized broadcast of this call will be housed on the State Street website.

I would now like to introduce Ilene Fiszel Bieler, Global Head of Investor Relations at State Street. Please go ahead, Ilene.

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 second quarter 2022 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 2 questions and then requeue.

Before we get started, I’d like to remind you that today’s presentation will include results presented on a basis that excludes or adjusts 1 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. 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.