Chicago, Illinois-based Northern Trust Corporation (NTRS) is a financial holding company with a market cap of $27.7 billion. It provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals. This asset management company has outpaced the broader market over the past 52 weeks. Shares of NTRS have soared 31.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.8%. Moreover, on a YTD basis, the stock is u ...

Core Viewpoint - nCino, Inc. is set to report its financial results for the fourth quarter of fiscal year 2026 on March 31, 2026, and will host a conference call to discuss these results [1][2]. Group 1: Financial Results Announcement - nCino will announce its fourth quarter financial results after market close on March 31, 2026 [1]. - A conference call and webcast will take place on the same day at 4:30 p.m. ET to discuss the financial results [2]. Group 2: Company Overview - nCino is a leading provider of intelligent banking solutions, aimed at helping financial institutions digitize and improve their business processes [3]. - The company serves over 2,700 customers globally, including community banks, credit unions, independent mortgage banks, and major financial entities [3]. - nCino integrates artificial intelligence and actionable insights into its platform to enhance decision-making, risk management, and customer satisfaction [3].

Core Viewpoint - Northern Trust Corporation (NASDAQ:NTRS) is currently considered one of the most undervalued quality stocks, with recent price target increases from multiple analysts despite varying ratings [1][2][3]. Analyst Ratings and Price Targets - Goldman Sachs raised its price target for Northern Trust to $148 from $130 while maintaining a Sell rating [1]. - Citi increased its price target to $162 from $143, keeping a Neutral rating, following a Q4 2025 earnings beat with an EPS of $2.42 and revenue of $2.14 billion [2]. - TD Cowen raised its price target to $175 from $165 with a Buy rating, citing a Q4 2025 core EPS of $2.62 that exceeded expectations due to higher pre-tax pre-provision income and lower provision expenses [3]. Company Overview - Northern Trust Corporation is a financial holding company that provides wealth management, asset servicing, asset management, and banking solutions for various clients, operating in two segments: Asset Servicing and Wealth Management [4].

Group 1 - Northern Trust Corporation (NASDAQ:NTRS) is one of the largest publicly traded asset managers, with TD Cowen raising its price target to $175 from $165 while maintaining a Buy rating [1] - The company's fourth-quarter 2025 core EPS was reported at $2.62, surpassing market expectations due to increased pre-tax pre-provision income and lower provision expenditure, with total revenue reaching $2.14 billion against an expected $2.06 billion [1] - Northern Trust's fee businesses are gaining traction, and the company has demonstrated effective expenditure management, contributing to a favorable forecast for 2026 [2] Group 2 - Northern Trust has upgraded its medium-term pre-tax margin and return on equity (ROE) projections, indicating confidence in its long-term profitability [2] - The company operates through subsidiaries, including The Northern Trust Company, providing wealth management, asset servicing, asset management, and banking solutions to various clients [3]

Core Insights - Northern Trust Corporation is a significant player in the financial services sector, providing a variety of services such as asset servicing, fund administration, investment management, and banking solutions, with a global reach targeting corporations, institutions, and affluent individuals [1] Financial Efficiency Analysis - Northern Trust's Return on Invested Capital (ROIC) stands at 6.78%, while its Weighted Average Cost of Capital (WACC) is 19.12%, resulting in a ROIC to WACC ratio of 0.35, indicating that the company is not generating returns above its cost of capital [2] - In comparison, State Street Corporation has a ROIC of 63.17% and a WACC of 15.35%, leading to a ROIC to WACC ratio of 4.12, showcasing its superior efficiency in generating returns well above its cost of capital [3] - Comerica Incorporated reports a ROIC of 3.40% and a WACC of 12.35%, yielding a ROIC to WACC ratio of 0.28, similar to Northern Trust, indicating challenges in capital utilization [4] - M&T Bank Corporation and Zions Bancorporation have ROIC to WACC ratios of 0.60 and 0.26, respectively, with M&T Bank showing a more favorable balance compared to Northern Trust, while Zions faces similar efficiency challenges [5] - Marsh & McLennan Companies has a ROIC to WACC ratio of 1.84, demonstrating a strong ability to generate returns above its cost of capital, though not as high as State Street [5]

Core Viewpoint - Northern Trust Corporation is expected to report increased earnings and revenues for the fourth quarter of 2025, driven by higher net interest income and increased loan demand, despite facing challenges such as elevated expenses and asset quality risks [2][6]. Financial Performance Expectations - Analysts estimate an EPS of $2.37 and revenue of $2.06 billion for the upcoming quarterly earnings report [1]. - Growth in earnings and revenues is anticipated due to stabilizing funding costs and a rise in asset servicing fees [2]. Challenges and Risks - The company faces challenges including elevated expenses and risks related to asset quality, particularly non-performing assets [3][6]. - Concerns regarding financial leverage are highlighted by a debt-to-equity ratio of 1.21, indicating reliance on debt for financing [5]. Historical Performance - Northern Trust has a history of exceeding earnings estimates, as evidenced by its previous quarter's earnings surprise driven by increased net interest income and higher total assets under custody and management [3][6]. Market Position and Valuation - The stock is recognized as a top-ranked momentum stock by Zacks Investment Research, suggesting potential for market outperformance [4][6]. - The company's P/E ratio is 15.78 and price-to-sales ratio is 1.89, reflecting investor confidence, although a current ratio of 0.50 indicates potential challenges in covering short-term liabilities [4]. Cash Flow Concerns - Negative enterprise value to sales and operating cash flow ratios, at -0.97 and -5.56 respectively, may signal valuation and cash flow generation issues [5].

Company Overview - Northern Trust Corporation is headquartered in Chicago and provides a range of services including wealth management, asset servicing, asset management, and banking solutions to corporations, institutions, families, and individuals [11]. Investment Ratings - Northern Trust Corporation (NTRS) currently holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating a moderate investment outlook [11]. Momentum Analysis - The stock has a Momentum Style Score of B, with shares increasing by 5.2% over the past four weeks [12]. - Five analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate rising by $0.01 to $8.68 per share [12]. - The company has an average earnings surprise of +4.6%, suggesting a positive trend in earnings performance [12].

Core Insights - Raymond James Financial, Inc. (RJF) is a diversified financial services platform with a market capitalization of approximately $32.2 billion, providing various financial services to individuals, corporations, and municipalities [1] Earnings Expectations - The company is set to report its fiscal 2026 first-quarter results on January 28, with analysts predicting diluted EPS of $2.85, reflecting a 2.7% decline from $2.93 in the same quarter last year [2] - For the full fiscal year 2026, Wall Street projects diluted EPS of $11.87, indicating an 11.4% year-over-year growth, while fiscal year 2027 EPS is forecasted to be $13.67, representing a 15.2% increase from the previous year [3] Stock Performance - RJF stock has increased by 3.9% over the past 52 weeks and 2.8% year-to-date, compared to the S&P 500 Index's gains of 17.1% and 1.1% respectively during the same periods [4] - The State Street Financial Select Sector SPDR ETF (XLF) has risen nearly 15.1% over the past 52 weeks and 1.5% year-to-date, highlighting a sector-level performance gap [4] Capital Return Actions - On December 3, 2025, the company announced an 8% increase in its quarterly cash dividend to $0.54 per share, payable on January 16, and authorized a new $2 billion share repurchase program, replacing a previous $1.5 billion plan [5] - Following the announcement, shares rose nearly 2% on December 3 and an additional 2.4% on December 4, indicating market confidence in the company's balance sheet strength and management's commitment to rewarding shareholders [6]

Core Insights - NDBT has appointed Casey Plummer to its Board of Directors, effective January 1, 2026, during their December 2025 meeting [1] Group 1: About Casey Plummer - Casey Plummer founded Plummer Development Company in 2013 and currently leads real estate investment, development, and construction for multifamily and industrial projects [2] - Plummer is also the Treasurer and a Board member of The Human Impact, a nonprofit focused on assisting the chronically homeless in Dallas, and is developing a housing community for the homeless in South Dallas [2] Group 2: NDBT Overview - NDBT, established in 1961, is an independent community bank with five locations in Dallas, Addison, Frisco, Las Colinas, and Plano [4] - The bank aims to provide authentic banking solutions, wealth management, and innovative online banking tools to help customers make informed decisions [4]

Group 1 - Goldman Sachs has seen a significant stock performance increase of 56% for the year, outperforming many tech stocks and the "Magnificent Seven" [1] - The company is experiencing growth that may surpass most technology stocks, with lower associated risks [1] - Financial and consumer spending companies, including Goldman Sachs, are consistently delivering better-than-expected results amid low expectations [1] Group 2 - Goldman Sachs is involved in various financial services, including investment banking and asset management [2] - Concerns were raised regarding Goldman Sachs' acquisition of a majority stake in Excel Sports Management, with skepticism about its strategic fit [2] - Despite the potential of Goldman Sachs as an investment, some analysts suggest that certain AI stocks may offer greater upside potential with less downside risk [2]