Standard Chartered PLC (STAN) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and good afternoon, everyone, and welcome to our first quarter 2025 results presentation. I'm joined here in London by Diego, and as usual, we'll first run through the presentation before taking your questions. We have delivered a strong set of results from the first quarter of 2025, with income up 12% year-on-year, excluding notable items, and earnings per share up 19%. This is driven by strong performance across wealth solutions, global markets, and global banking, continuing the positive trend of recent quarters. This momentum has continued into Q2, particularly in global markets. Our network business, which represents around 60% of our CIB income, is highly diversified, resilient, and it's agile. Clearly, there have been geopolitical developments and uncertainties since we last spoke to you. Notwithstanding some of the challenges which might arise, we are confident that our strategy and business is well positioned to face any headwinds in the current environment and into the future. Our cross-border strategy connects us with clients in the world's most dynamic markets, and our affluent business is capturing the huge opportunity that we see in the structural trends in wealth creation across our footprint. Both of these core growth engines have tremendous potential that will last beyond any near-term turbulence and position us well to benefit from structural changes should they arise. As a result, we're confident in our trajectory and in the long-term prospects for the group, whilst remaining watchful of the external environment. And before I pass to Diego to run through the financial performance for the quarter, I want to spend a couple of minutes talking about the network, including our cross-border U.S. footprint and the opportunities that we see. Y...