Northern Trust Stock Outlook: Is Wall Street Bullish or Bearish?

Core Viewpoint - Northern Trust Corporation is a leading global financial institution with a strong performance in asset servicing, investment management, and wealth management, managing over $1 trillion in assets and having a market capitalization of $23.21 billion [1] Financial Performance - Northern Trust reported third-quarter results that exceeded analyst expectations, with assets under management at $1.77 trillion compared to the expected $1.72 trillion [4] - The company's revenue increased by 2.9% year-over-year to $2.03 billion, surpassing the expected $2.02 billion [4] - Earnings per share (EPS) for the quarter was $2.29, up 3.2% year-over-year and higher than the expected $2.24 [4] Stock Performance - Over the past 52 weeks, Northern Trust's stock has gained 14.6%, outperforming the broader S&P 500 Index, which gained 12.3% during the same period [2][3] - The stock reached a 52-week high of $135.48 in September but has since declined by 7.9% from that level [2] Future Outlook - Analysts project EPS growth of 12.6% year-over-year for fiscal year 2025, reaching $8.67 on a diluted basis, with further growth expected to 8% annually, reaching $9.36 in fiscal 2026 [5] - The company has a strong track record of exceeding consensus estimates, having topped them in all four trailing quarters [5] Analyst Ratings - Among 17 Wall Street analysts covering Northern Trust, the consensus rating is a "Hold," with a mix of ratings including two "Strong Buy," one "Moderate Buy," ten "Holds," one "Moderate Sell," and three "Strong Sells" [6] - The ratings configuration has become more bullish over the past two months, with an increase in "Strong Buy" ratings from one to two [6]