Apr 26, 2023 / 07:00AM GMT
Operator
Good day, and welcome to the Standard Chartered First Quarter '23 Results Presentation. (Operator Instructions) I would also like to advise all participants that this call is being recorded. Thank you. I'd now like to welcome Bill Winters, Chief Executive, to begin the conference. Bill, over to you.
William Thomas Winters - Standard Chartered PLC - Group Chief Executive & Director
Good morning and good afternoon. Thanks for joining our first quarter results call today. I'll make some opening remarks, and Andy will talk to the numbers before we do the usual Q&A.
Our first quarter results were strong. And despite the challenging external environment, income was up 13% to $4.4 billion. And underlying profit before tax improved 25% to $1.7 billion. This is our highest first quarter profit since 2014. Return on tangible equity was up 170 basis points to 11.9%. We've also made really good strong progress on each of our strategic initiatives, growing our Network business, our Affluent client segment, and Sustainable Finance income while accelerating
Q1 2023 Standard Chartered PLC Earnings Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot