Northern Trust Corporation (NTRS) has launched an upgraded active collateral solution designed to help institutional investors manage their collateral more efficiently while addressing ever-changing market conditions.The solution was developed in conjunction with CloudMargin, a leading global collateral management technology provider, which will improve service capabilities, and increase real-time transparency and platform resiliency. The solution includes an automatic asset selection using configurable hie ...

It has been about a month since the last earnings report for Northern Trust Corporation (NTRS) . Shares have added about 6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Northern Trust due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Northern Trust Q3 Earnings Beat ...

Northern Trust Corporation (NTRS) shares have gained 19.8% in the past six months, outperforming the industry’s growth of 17.4%. The stock has also outperformed its close peers like Comerica Incorporated (CMA) and Fifth Third Bancorp (FITB) in the same time frame.Six-Month Price PerformanceImage Source: Zacks Investment ResearchNorthern Trust Reports Strong Q3 Earnings PerformanceThe company recently reported its third-quarter 2024 earnings on Oct. 23. Its adjusted earnings per share of $1.96 surpassed the ...

Investors might want to bet on Northern Trust Corporation (NTRS) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation be ...

Northern Trust Corporation (NTRS) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the s ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 30th: Synchrony Financial (SYF) : This nation's premier consumer financial services company which, offers a wide range of credit products through a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and health and wellness providers, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its cuurent year ...

Financial Performance - Net income for the third quarter of 2024 increased by 42% to $464.9 million, compared to $327.8 million in the same quarter of 2023[10] - Total revenue for the third quarter of 2024 rose by 14% to $1.97 billion, up from $1.73 billion in the prior-year quarter[10] - Net Income increased by $581.5 million, or 59%, to $1.58 billion for the nine months ended September 30, 2024, compared to $994.2 million in the prior-year period[46] - Total Revenue for the nine months ended September 30, 2024, was $6,330.8 million, an increase from $5,228.2 million in the prior-year period[64] Net Interest Income - Net interest income increased by 23% to $562.3 million, driven by higher deposits and securities repositioning[11] - Net Interest Income for the nine months ended September 30, 2024, was $1,634.6 million, with a margin of 1.62%[51] - Net Interest Income for the quarter ended September 30, 2024, increased by $40.2 million, or 14%, compared to the prior-year quarter, primarily due to higher deposit balances and spreads[68] - Net Interest Income (FTE) increased to $2,338.7 million, up from $2,280.5 million, reflecting a net increase of $58.2 million or 2.5% year-over-year[53] Expenses - Noninterest expense rose by 6% to $1.36 billion, attributed to higher compensation and software-related expenses[11] - Total Noninterest Expense increased to $4,258.0 million, up $362.3 million or 9% from the prior-year period, driven by higher compensation and outside services[56] - Noninterest Expense for the three months ended September 30, 2024, increased by $51.4 million, or 6%, from the prior-year quarter, mainly due to higher expense allocations[71] Credit Quality - Provision for credit losses decreased by 43% to $8.0 million, compared to $14.0 million in the prior-year quarter[11] - Provision for Credit Losses was $7.5 million, down from $13.5 million in the prior-year period, indicating improved credit quality[55] - The allowance for credit losses as of September 30, 2024, was $211.3 million, compared to $205.6 million as of December 31, 2023, with the allowance assigned to loans to total loans at 0.44%[99] Assets and Management - Total Assets Under Management (AUM) rose to $1,621.8 billion, reflecting a 6% increase from the prior quarter and a 22% increase year-over-year[25] - Total Assets Under Custody/Administration reached $17,423.0 billion, a 5% increase from the previous quarter and a 23% increase year-over-year[21] - Average Assets for the nine months ended September 30, 2024, were $146,654.8 million, compared to $144,691.6 million in the prior-year period[64] Fees and Income - Trust, investment, and other servicing fees grew by 8% to $1.20 billion, primarily due to favorable market conditions[10] - Other Noninterest Income rose to $209.6 million, a 32% increase compared to $158.4 million in the same quarter last year, driven by a significant gain on the sale of an equity investment[32] - Total Noninterest Income for the nine months ended September 30, 2024, was $4,717.5 million, an increase from $3,729.3 million in the prior-year period[64] Tax and Dividends - The effective tax rate decreased to 22.7% from 24.5% in the prior-year quarter[11] - The Corporation declared cash dividends totaling $459.3 million to common stockholders for the nine months ended September 30, 2024[87] Market Conditions and Future Outlook - The company plans to continue expanding its market presence and product offerings, focusing on new technologies and strategic acquisitions to drive future growth[30] - The company anticipates continued growth in AUM and net interest income, supported by favorable market conditions and strategic initiatives[30] - Northern Trust's management emphasizes the importance of maintaining a robust risk management framework to address potential market disruptions and regulatory changes[130]

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging due to inherent volatility and risks [1] Group 1: Company Overview - Northern Trust Corporation (NTRS) is highlighted as a recommended growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 1.2%, but projected EPS growth for this year is expected to be 16.5%, significantly outperforming the industry average of 1.4% [5] Group 2: Key Growth Metrics - The asset utilization ratio for Northern Trust is 0.1, indicating that the company generates $0.1 in sales for every dollar in assets, which is higher than the industry average of 0.06 [6] - Sales growth for Northern Trust is projected at 20.7% this year, contrasting with the industry average of -1.3% [7] Group 3: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Northern Trust, with the Zacks Consensus Estimate for the current year increasing by 4% over the past month [8] - The combination of a Zacks Rank 2 and a Growth Score of B suggests that Northern Trust is positioned as a potential outperformer for growth investors [9]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Group 1 - Northern Trust Corporation (NTRS) is currently outperforming its peers in the Finance sector with a year-to-date return of 21.5%, compared to the sector average of 20% [2][3] - The Zacks Consensus Estimate for NTRS' full-year earnings has increased by 2% over the past 90 days, indicating improving analyst sentiment [2] - Northern Trust Corporation holds a Zacks Rank of 2 (Buy), suggesting a positive outlook for the stock [1][2] Group 2 - Northern Trust Corporation is part of the Banks - Major Regional industry, which has seen an average loss of 30.1% this year, highlighting NTRS's relative strength [3] - AvalonBay Communities (AVB), another Finance stock, has returned 22.6% year-to-date and also holds a Zacks Rank of 2 (Buy) [2][3] - The REIT and Equity Trust - Residential industry, to which AvalonBay Communities belongs, has increased by 12.7% this year, indicating a positive trend in that sector [3]