Northern Trust Q1 Profit Rises, Matching View (NTRS)

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Custodial bank Northern Trust Corporation ( NTRS ) on Tuesday posted first quarter earnings results that were in-line with analyst predictions.

The Chicago-based company reported first quarter net income of $161 million, or 66 cents per share, compared with $151 million, or 61 cents per share, in the year-ago period.

On average, Wall Street analysts expected a matching profit of 66 cents per share.

NTRS said that consolidated revenue rose 8% from last year, while assets under custody and management gained 5%.

Northern Trust shares were mostly flat in premarket trading Tuesday.

The Bottom Line
Shares of Northern Trust ( NTRS ) have a 2.60% dividend yield, based on last night's closing stock price of $46.16. The stock has technical support in the $42-$44 price area. If the shares can firm up, we see overhead resistance around the $48-$50 price levels.

Northern Trust Corporation ( NTRS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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