State Street's CEO Discusses Q1 2012 Results - Earnings Call Transcript

State Street (STT)

Q1 2012 Earnings Call

April 17, 2012 9:00 am ET


S. Kelley MacDonald -

Joseph L. Hooley - Chairman, Chief Executive Officer, President, Chairman of Executive Committee and Member of Risk & Capital Committee

Edward J. Resch - Chief Financial Officer and Executive Vice President


Kenneth M. Usdin - Jefferies & Company, Inc., Research Division

Glenn Schorr - Nomura Securities Co. Ltd., Research Division

Alexander Blostein - Goldman Sachs Group Inc., Research Division

Michael Mayo - Credit Agricole Securities (USA) Inc., Research Division

Brian Bedell - ISI Group Inc., Research Division

Andrew Marquardt - Evercore Partners Inc., Research Division

John W. Stilmar - SunTrust Robinson Humphrey, Inc., Research Division



Good morning, and welcome to State Street Corporation's First Quarter 2012 Conference Call and Webcast. Today's discussion is being broadcast live on State Street's website at

This call is also being recorded for replay.

State Street's call is copyrighted. All rights are reserved. The call may not be recorded for rebroadcast or distribution in whole or in part without expressed written authorization from State Street, and the only authorized broadcast of this call is housed on State Street's website. [Operator Instructions]

Now, I'd like to introduce Kelley MacDonald, Senior Vice President for Investor Relations at State Street.

S. Kelley MacDonald

Before Jay Hooley, our Chairman, President and Chief Executive Officer; and Ed Resch, our Chief Financial Officer, begin their remarks, I'd like to remind you that during this call, we will be making forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in State Street's 2011 annual report on Form 10-K and its subsequent filings with the SEC.

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