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 ...

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 September 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 | --- | --- | |------------------------------------------------------------------------ ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...

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 ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Northern Trust Corporation (NTRS) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.Northern Trust Corporation is a member of the Finance sector. This group includes 871 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector ...

Core Viewpoint - Northern Trust Corporation (NTRS) reported strong third-quarter 2024 results, with adjusted earnings per share of $1.96, exceeding the Zacks Consensus Estimate of $1.73, and a significant increase from $1.49 in the prior-year quarter [1] Financial Performance - Total revenues (GAAP basis) for the quarter reached $1.97 billion, marking a 19.5% year-over-year increase and surpassing the Zacks Consensus Estimate of $1.87 billion [2] - Net interest income (NII) was $569.4 million, up 23.1% year over year, with a net interest margin (NIM) of 1.68%, an increase of 23 basis points from the prior-year quarter [2] - Trust, investment, and other servicing fees totaled $1.2 billion, reflecting a 7.6% increase from the year-ago quarter [2] - Other non-interest income rose 32.6% to $209.6 million, primarily due to a $68.1 million pre-tax gain from the sale of an equity investment [2] - Non-interest expenses increased by 6.4% to $1.36 billion, driven by higher costs across all components except for occupancy and other operating expenses [2] Asset Management - As of September 30, 2024, total assets under custody (AUC) increased by 25.2% year over year to $13.8 trillion, while total assets under management (AUM) rose 21.6% to $1.62 trillion [3] Credit Quality - The total allowance for credit losses was $220 million, up 5% year over year, while total non-accrual assets decreased by 43.1% to $39.3 million [4] - Provisions for credit losses were reported at $8 million, down 42.9% from the prior-year quarter [4] Capital and Profitability Ratios - The Common Equity Tier 1 capital ratio improved to 12.6% from 11.4% in the prior-year quarter, and the total capital ratio increased to 15.6% from 14.5% [5] - The Tier 1 leverage ratio was 8.1%, compared to 7.9% in the prior-year quarter [5] - Return on average assets was 1.26%, up from 0.93% in the year-ago quarter, and return on average common equity was 15.4%, compared to 11.6% in the prior-year quarter [5] Capital Distribution - Northern Trust returned approximately $453 million to shareholders through share repurchases and dividends during the reported quarter [6] Market Outlook - The surge in fee income and increasing AUC and AUM balances are expected to support the company's financials, although rising expenses may impact profitability in the near term [7]