Q: Your thoughts please on the quarter?
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5i Research Answer:
The dividend was raised by 4%. EPS of $1.76 beat estimates of $1.69 (last year $1.59); revenue was $15.33B. Assets were $1.52 trillion, well ahead of estimates. ROE was 17.9% vs estimates 17.4%. Higher income was driven by strong business growth in group and individual benefits as well as higher fee income in several areas. The conference call has not yet occurred, but the numbers look solid.