Northern Trust’s Q3 Profit and Revenue Miss the Mark (NTRS)

Share |

Asset manager Northern Trust Corporation ( NTRS ) on Wednesday posted disappointing third quarter earnings results, as a 5% gain in profit wasn't enough to meet Wall Street's view.

The Chicago-based company reported third quarter net income of $178.8 million, or 73 cents per share, compared with $170.4 million, or 70 cents per share, in the year-ago period.

Revenue rose ever so slightly from last year to $972.5 million.

On average, Wall Street analysts expected a slightly higher profit of 74 cents per share, on larger revenue of $987.5 million.

Northern Trust shares were mostly flat in premarket trading Wednesday.

The Bottom Line
Shares of Northern Trust ( NTRS ) have a 2.52% dividend yield, based on last night's closing stock price of $47.53. The stock has technical support in the $42-$44 price area. If the shares can firm up, we see overhead resistance around the $49-$50 price levels.

Northern Trust Corporation ( NTRS ) is not recommended at this time, holding a DARS™ Rating of 3.3 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.

Created by

This article appears in: Investing , Stocks

Referenced Stocks: NTRS

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by