Standard Chartered PLC (STAN) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.820 -- 00:00:06.004 Good morning and good afternoon, everyone, and welcome to our first quarter 2025 results 00:00:06.004 -- 00:00:10.268 presentation. I'm joined here in London by Diego, and as usual, we'll first run through 00:00:10.268 -- 00:00:13.651 the presentation before taking your questions. 00:00:13.651 -- 00:00:17.995 We have delivered a strong set of results from the first quarter of 2025, with income 00:00:17.995 -- 00:00:23.760 up 12% year-on-year, excluding notable items, and earnings per share up 19%. 00:00:23.760 -- 00:00:28.864 This is driven by strong performance across wealth solutions, global markets, and global 00:00:28.864 -- 00:00:32.532 banking, continuing the positive trend of recent quarters. 00:00:32.532 -- 00:00:38.541 This momentum has continued into Q2, particularly in global markets. 00:00:38.541 -- 00:00:44.049 Our network business, which represents around 60% of our CIB income, is highly diversified, 00:00:44.049 -- 00:00:49.537 resilient, and it's agile. Clearly, there have been geopolitical developments and uncertainties 00:00:49.537 -- 00:00:53.828 since we last spoke to you. Notwithstanding some of the challenges which might arise, 00:00:53.828 -- 00:00:58.332 we are confident that our strategy and business is well positioned to face any headwinds 00:00:58.332 -- 00:01:01.395 in the current environment and into the future. 00:01:01.395 -- 00:01:05.478 Our cross-border strategy connects us with clients in the world's most dynamic markets, 00:01:05.478 -- 00:01:09.762 and our affluent business is capturing the huge opportunity that we see in the structural 00:01:09.762 -- 00:01:13.265 trends in wealth creation across our footprint. 00:01:13.265 -- 00:01:17.609 Both of these core growth engines have tremendous potent...