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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].
Northern Trust (NTRS) Q2 Earnings Beat on Increased Fee Income
ZACKS· 2024-07-17 16:30
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 (NTRS) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-07-17 14:31
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. | --- | |--------------------------------------------------- ...
Northern Trust Corporation (NTRS) Q2 Earnings and Revenues Top Estimates
ZACKS· 2024-07-17 13:36
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 ...