We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Have you been eager to see how Northern Trust Corporation (NTRS - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this IL-based popular bank’s earnings release this morning:
Earnings Improve Y/Y
Northern Trust came out with earnings per share of $1.58, significantly above the prior-year quarter figure of $1.09. The Zacks Consensus Estimate is $1.42. Higher revenues and credit provision aided the earnings improvement. Increase in expenses remained key headwind.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Northern Trust depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained stable over the last seven days.
Moreover, Northern Trust has a decent earnings surprise history. The company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 2% in the trailing four quarters.
Northern Trust posted revenues of $1.48 billion, surpassing the Zacks Consensus Estimate of $1.46 billion. Moreover, it compared favorably with the year-ago number of $1.29 billion.
Key Stats to Note:
• Total assets under custody jumped 14% year over year. • Total assets under management increased 16%. • Return on average common equity was 16% compared with 11.6% in year-ago quarter.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Northern Trust. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. It all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Northern Trust earnings report!
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Image: Bigstock
Northern Trust (NTRS) Q1 Earnings Improve Y/Y, Costs Rise
Have you been eager to see how Northern Trust Corporation (NTRS - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this IL-based popular bank’s earnings release this morning:
Earnings Improve Y/Y
Northern Trust came out with earnings per share of $1.58, significantly above the prior-year quarter figure of $1.09. The Zacks Consensus Estimate is $1.42. Higher revenues and credit provision aided the earnings improvement. Increase in expenses remained key headwind.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Northern Trust depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained stable over the last seven days.
Moreover, Northern Trust has a decent earnings surprise history. The company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 2% in the trailing four quarters.
Northern Trust Corporation Price and EPS Surprise
Northern Trust Corporation Price and EPS Surprise | Northern Trust Corporation Quote
Revenue Came In Higher Than Expected
Northern Trust posted revenues of $1.48 billion, surpassing the Zacks Consensus Estimate of $1.46 billion. Moreover, it compared favorably with the year-ago number of $1.29 billion.
Key Stats to Note:
• Total assets under custody jumped 14% year over year.
• Total assets under management increased 16%.
• Return on average common equity was 16% compared with 11.6% in year-ago quarter.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Northern Trust. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. It all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this Northern Trust earnings report!
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Click here to access these stocks. >>