State Street Corp at Sanford Bernstein & Autonomous Research Financials Summit Transcript
Good morning, everyone, I'm Geoff Elliott. I'm one of the bank's analysts at Autonomous. And I'm delighted to be joined up here by Eric Aboaf, CFO of State Street. During his career, Eric's been Treasurer of Citi and CFO of Citizens before making the move to State Street, which, of course, is Boston's biggest homegrown bank and one of the leading global custodians and asset managers.
Questions & Answers
Maybe we can jump right into things. The fourth quarter of 2018 was a tougher quarter for State Street, and on the call that -- you indicated you could see fees drop 3% to 4% sequentially going into first quarter 2019 and stay depressed. But since then, markets seem to have shifted for the better, so how does that change your expectations?
Geoff, I think before I begin, let me just
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... |
![](https://static.gurufocus.com/material/money-back-guarantee.png)
![](https://static.gurufocus.com/trust_rating.png)
![](https://static.gurufocus.com/trust.png)