Northern Trust Corp (NASDAQ: NTRS) portrayed a dynamic market performance with multiple contrasts. On numerous occasions, it outperformed its competitors on strong trading days, while certain days reflected underperformance. Various financial institutions including CIBC Private Wealth Group, Tower Research, and others altered their positions, showcasing both acquired and sold shares. NTRS also confirmed its dividend of $0.75 and issued a quarterly dividend on July 1st. Despite a turbulent market, NTRS upholds a strong institutional backing with 85% ownership. The firm missed Q1 and Q4 earnings estimates, with Q1 earnings of $0.96 per share, less than analyst predictions. Ahead of its Q1 release, NTRS is expected to beat earnings estimates, touting it as a strong momentum stock. A significant development was Northern Trust's procurement of Citadel's Technology Platform. Despite a 13% loss for shareholders over the past three years, Zacks Industry Outlook highlighted Northern Trust alongside Wells Fargo. The firm recently appointed Chandra Dhandapani to its Board of Directors, strengthened its Atlanta Wealth Management Team, updated its Cloud-Based Insurance Accounting application, and selected Northern Trust for providing data warehouse solutions.
Northern Trust Corp NTRS News Analytics from Tue, 12 Sep 2023 07:00:00 GMT to Sun, 09 Jun 2024 11:57:43 GMT - Rating 2 - Innovation 5 - Information 8 - Rumor -3
