First quarter 2019 financial highlights

  • Non-GAAP operating earnings of $400 million, or $1.43 per diluted share
  • Record assets under management (AUM) of $675 billion
  • Deployed $280 million of capital through common stock dividends and share repurchases
  • In April, announced $1.2 billion planned acquisition of the Wells Fargo Institutional Retirement and Trust business, scheduled to close in 3Q 2019
  • Announced a second quarter 2019 common stock dividend of $0.54 per share, a 4% increase over the dividend paid in second quarter 2018