NTRS Stock Recent News

While high funding costs and deteriorating asset quality will hurt Zacks Major Regional Banks, higher rates, modest loan demand, solid economic growth and business restructuring efforts are likely to offer support to industry players like Wells Fargo (WFC) and Northern Trust (NTRS).

Recently, Zacks.com users have been paying close attention to Northern Trust (NTRS). This makes it worthwhile to examine what the stock has in store.

It took a hit because of worse-than-expected quarterly results. It whiffed on analyst estimates for both revenue and profitability.

Northern Trust (NTRS) shares slumped Tuesday after the asset and wealth management firm significantly missed profit estimates as it took a loss on debt and paid a special assessment related to the failure of some banks.

A rise in fee income, as well as increasing AUC and AUM balances offer support to Northern Trust's (NTRS) Q1 earnings. However, a fall in NII and higher expenses affected the results to some extent.

Although the revenue and EPS for Northern Trust (NTRS) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Northern Trust Corporation (NTRS) came out with quarterly earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $1.51 per share a year ago.

SIGA, SEIC and NTRS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 12, 2024.

ZUO, INTZ, SIGA, ENVB and NTRS have been added to the Zacks Rank #1 (Strong Buy) List on April 12, 2024.

Beyond analysts' top -and-bottom-line estimates for Northern Trust (NTRS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.