Northern Trust Corp. (NTRS) is well-poised for revenue growth on the back of steady loan demand. The company's capital distribution activities are backed by a strong liquidity profile. However, rising expenses and the current challenging macroeconomic environment are worrisome. Northern Trust's key strength lies in its organic growth, which is evident in its revenue and loan growth narrative. Revenues witnessed a CAGR of 3.5% over the last three years (2020-2023), driven by rising noninterest income and net ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-36609 | --- | --- | |----------------------------------------------------------------------------| ...

Northern Trust Corporation (NASDAQ:NTRS) Q2 2024 Results Conference Call July 17, 2024 9:30 AM ET Company Participants Jennifer Childe - Director of IR Mike O'Grady - Chairman and CEO Jason Tyler - CFO John Landers - Controller Grace Higgins - Investor Relations Conference Call Participants Betsy Graseck - Morgan Stanley Mokshith Reddy - Jefferies Brennan Hawken - UBS Mike Mayo - Wells Fargo Brian Bedell - Deutsche Bank Alex Blostein - Goldman Sachs Vivek Juneja - JP Morgan Ebrahim Poonawala - Bank of Ameri ...

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 ...

Investors might want to bet on Northern Trust Corporation (NTRS) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street ...