Standard Chartered PLC (OTCPK:SCBFF)
$ 11.946 -0.299 (-2.44%) Market Cap: 30.12 Bil Enterprise Value: 41.12 Bil PE Ratio: 8.31 PB Ratio: 0.60 GF Score: 64/100

Q1 2021 Standard Chartered PLC Earnings Call Transcript

Apr 29, 2021 / 06:30AM GMT
Release Date Price: $7.21 (+6.19%)
Operator

Welcome to Standard Chartered plc's First Quarter 2021 Results. Today's presentation is being hosted by Bill Winters, Group Chief Executive; and Andy Halford, Group Chief Financial Officer. (Operator Instructions)

At this point, I'd like to hand over to Bill to begin. Please go ahead.

William Thomas Winters
Standard Chartered PLC - Group Chief Executive & Director

Thanks very much, and thanks, everybody, for joining us. Good morning, good afternoon. I'll make a couple of comments upfront on the Page 2 of the slide deck that you probably have. Andy will take us through the package, and then we'll both be available for Q&A.

So lots going on in the first quarter, clearly. The interest rate headwinds that were well flagged have been largely offset by growth in our other key strategic areas, which is encouraging, leading to a strong quarter overall. We had a record quarter in Wealth Management, but I think it's important as the income number is the new client number. So 100,000 additional clients into our priority segment, coming about 2

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