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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 ...

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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].

Northern Trust Corporation's (NTRS) second-quarter 2024 earnings per share of $4.34 surpassed the Zacks Consensus Estimate of $1.75. The bottom line increased from $1.56 reported in the year-ago quarter. Results benefited from a rise in fee income. Also, an increase in total assets under custody (AUC) and assets under management (AUM) balances supported financials. Strong capital ratios were another positive. However, a rise in expenses and provisions were major headwinds. Revenues & Expenses Rise Quarterly ...

Northern Trust Corporation (NTRS) reported $2.72 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 54.5%. EPS of $1.78 for the same period compares to $1.79 a year ago. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. | --- | |--------------------------------------------------- ...

Over the last four quarters, the company has surpassed consensus EPS estimates three times. Northern Trust shares have added about 7.6% since the beginning of the year versus the S&P 500's gain of 18.8%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. It will be inter ...

Exhibit 99.3 Grace Higgins Second Vice President, Investor Relations (847) 946-9113 or grace.higgins@ntrs.com TABLE OF CONTENTS Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. Capital ratios for the current quarter are considered preliminary until the Form 10-Q is filed with the Securities and Exchange Commission. From April 1 ...

The current level reflects an upward revision of 3.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Analysts predict that the 'Asset Servicing Trust, Investment and Other Servicing Fees- Total' will reach $658.95 million. The estimate points to a change of +6.1% from the year-ago quarter. The average prediction of analysts places 'Asset Servicing Trust, Inves ...

Northern Trust has a decent earnings surprise history. Its earnings beat estimates in three of the trailing four quarters and missed once, the positive surprise being 8.64%, on average. Key Factors & Estimates for Q2 As the Federal Reserve kept the interest rates steady during the quarter at a 23-year high of 5.25-5.5%, NTRS is less likely to have recorded significant improvement in NII. Also, the inverted yield curve in the June-ended quarter and high funding costs are expected to have weighed on NII growt ...