Standard Chartered PLC (STAN) Q1 2026 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.133 Good morning and good afternoon, everyone. 00:00:02.133 -- 00:00:05.997 Thank you for joining us today. I'll take a few minutes to lead you through our first 00:00:05.997 -- 00:00:11.081 quarter 2026 results. Then Bill Maness and I will take your questions. 00:00:11.081 -- 00:00:14.805 In my remarks, I'll be comparing performance year on year at constant currency, unless 00:00:14.805 -- 00:00:19.349 otherwise stated. As a reminder, these results are now presented on a reported basis, 00:00:19.349 -- 00:00:22.412 as outlined in the press release we published on March 25th. 00:00:22.412 -- 00:00:26.176 We've had a strong start to the year, delivering record income on the back of continued 00:00:26.176 -- 00:00:30.862 momentum in wealth solutions, global banking, and global markets flow income. 00:00:30.862 -- 00:00:35.328 We are maintaining our 2026 guidance, and we continue to expect return on tangible equity 00:00:35.328 -- 00:00:40.175 to be greater than 12% this year. Since we last spoke to you, the conflict in the Middle 00:00:40.175 -- 00:00:44.561 East has developed. Our priority remains the safety of our people and serving our clients' 00:00:44.561 -- 00:00:49.749 needs. While there's been no material impact on our portfolios, we have taken precautionary 00:00:49.749 -- 00:00:54.595 ECL overlays in order to reflect the risk of a prolonged conflict. 00:00:54.595 -- 00:00:58.901 We remain watchful of the external environment, and we will continue to support our clients 00:00:58.901 -- 00:01:01.912 as they adjust to this evolving landscape. 00:01:01.912 -- 00:01:05.314 I'll now take you through the numbers in more detail. 00:01:05.517 -- 00:01:09.603 First quarter income of $5.9 billion was up 9%. 00:01:09.603 -- 00:01:13.448 Th...