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Northern Trust(NTRS) - 2024 Q3 - Quarterly Results
2024-10-23 11:06
Exhibit 99.3 Financial Trends Third Quarter 2024 October 23, 2024 Please direct inquiries to: Jennifer Childe Senior Vice President, Director of Investor Relations (312) 444-3290 or jennifer.childe@ntrs.com Grace Higgins Second Vice President, Investor Relations (847) 946-9113 or grace.higgins@ntrs.com The historical financial results and trends reflected in this report are not indicative of future financial results and trends for Northern Trust Corporation. This report should be read in conjunction with th ...
Northern Trust Gears Up to Report Q3 Earnings: What's in Store?
ZACKS· 2024-10-16 15:41
Northern Trust Corporation's (NTRS) third-quarter 2024 results are scheduled to release on Oct. 23, before market open. The company's revenues and earnings are expected to have improved from the year-ago reported level. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the second quarter, NTRS' earnings surpassed the Zacks Consensus Estimate. Results benefited from a rise in fee income. Also, an increase in total assets under custody and assets under management balances supported ...
Northern Trust Corporation (NTRS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-10-16 15:05
The market expects Northern Trust Corporation (NTRS) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expe ...
Northern Trust (NTRS) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2024-10-09 17:48
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the ...
Why Northern Trust Corporation (NTRS) is a Top Value Stock for the Long-Term
ZACKS· 2024-10-09 14:45
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style S ...
Why Northern Trust (NTRS) is Poised to Beat Earnings Estimates Again
ZACKS· 2024-10-04 17:16
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Northern Trust Corporation (NTRS) , which belongs to the Zacks Banks - Major Regional industry. When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 8.68%, on average, in the last two quarters. For the last reported quarter, Northern Trust came out with earnings o ...
Here's Why Northern Trust Corporation (NTRS) is a Strong Momentum Stock
ZACKS· 2024-09-25 14:55
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style ...
Northern Tool + Equipment Announces Partnership with Monster Jam®: Includes a Monster Jam Mini Build with Texas High School Students
Prnewswire· 2024-09-17 18:57
The partnership also makes Northern Tool + Equipment the official hardware retailer of tools and related equipment partner for Monster Jam BURNSVILLE, Minn., Sept. 17, 2024 /PRNewswire/ -- Northern Tool + Equipment and Monster Jam announced today they are teaming up for a three-year partnership that will include retail, business-to-business and online integration. The partnership includes becoming the official hardware retailer of tools and related equipment partner for Monster Jam and the announcement of t ...
Why Northern Trust Corporation (NTRS) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-09-09 14:56
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks St ...
Northern Trust (NTRS) Rides on Organic Growth Amid High Costs
ZACKS· 2024-08-07 14:02
Core Viewpoint - Northern Trust Corp. is positioned for revenue growth due to steady loan demand, although rising expenses and a challenging macroeconomic environment present concerns [1]. Revenue and Growth - Northern Trust has demonstrated organic growth with a revenue CAGR of 3.5% from 2020 to 2023, driven by increases in non-interest income and net interest income, with some annual volatility [2]. - The company's loan and lease balance has seen a CAGR of 7.7% over the last three years, continuing to rise in the first half of 2024, supported by strong pipelines in Asset Servicing and Wealth Management [3]. Capital Distribution and Financial Health - Northern Trust has a robust capital distribution strategy, having increased its quarterly dividend by 7% to 75 cents per share in July 2022, and initiated a 25-million share repurchase program in October 2021, repurchasing approximately 4.6 million shares for $383 million in the first half of 2024 [5]. - As of June 30, 2024, the company's total debt was $10.9 billion, down from the previous year, with liquid assets totaling $43.2 billion, indicating a manageable debt level and sustainable capital distribution activities [6]. Expense Management - Non-interest expenses have risen with a CAGR of 6.7% from 2020 to 2023, continuing into the first half of 2024, driven by increased compensation and investments in technology infrastructure [8]. - The company is implementing measures to improve operating leverage, including disciplined headcount management and process automation, to enhance productivity and meet financial targets [4]. Market Conditions - Changing global financial market conditions and economic factors could impact Northern Trust's business, affecting demand for trust and investment products due to weak economic conditions and volatile equity markets [9]. Stock Performance - Northern Trust shares have increased by 5.9% over the past six months, compared to the industry's growth of 10.4% [7].