More from Dividend.com
Referenced Stocks

Northern Trust Q1 Profit Rises, Matching View (NTRS)

By Dividend.com,  April 17, 2012, 08:58:02 AM EDT

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.


This article appears in: Investing, Stocks

Referenced Stocks: NTRS



Latest News Video

Volatile Week Ends Quietly
Volatile Week Ends Quietly          
Economic Calendar: Consumer Spending, Revised US GDP The Focus For Next Week
Economic Calendar: Consumer Spendin...
Woman Allegedly Bit Husband's Penis After He Made Her Leave Rodeo Early
Woman Allegedly Bit Husband's Penis...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%