Reports Q3 revenue $1.98B, consensus $1.88B. Reports Q3 book value per share $59.85. Reports Q3 CET1 capital ratio 12.6%. The company said, “Northern Trust’s (NTRS) third quarter results reflect continued momentum across our businesses. Trust fees increased 8% and net interest income grew 21%, both as compared to the prior-year quarter. Excluding notables, earnings per share grew 32% and we returned more than $450 million to shareholders. Importantly, we generated positive trust fee and total operating leverage while continuing to make significant investments in our businesses and infrastructure.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NTRS:
- Northern Trust Reports Strong Q3 Earnings Performance
- Northern Trust & Hamilton Lane team to provide private market analytics
- NTRS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Northern Trust price target raised to $96 from $90.50 at JPMorgan
- Northern Trust price target raised to $97 from $93 at Morgan Stanley
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
