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Financials

Third quarter 2019 financial highlights

  • Non-GAAP operating earnings of $345 million, or $1.23 per diluted share
  • Record assets under management (AUM) of $703 billion
  • Closed the acquisition of the Wells Fargo Institutional Retirement & Trust business on July 1; acquired assets under administration (AUA) of $876 billion as of 9/30/2019
  • Committed and deployed over $200 million of capital primarily through common stock dividends and share repurchases
  • Announced a fourth quarter 2019 common stock dividend of $0.55 per share, a 2 percent increase over the dividend paid in fourth quarter 2018