Strength Seen in Northern Trust (NTRS): Can Its 8.0% Jump Turn into More Strength?

Northern Trust Corporation (NTRS) shares ended the last trading session 8% higher at $120.81. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.7% gain over the past four weeks.The rise in Northern Trust's stock price was primarily driven by a Wall Street Journal report stating that Bank of New York Mellon had approached Northern Trust to discuss a potential merger. According to the WSJ report, senior executives fr ...