Northern Trust Corporation has been under the magnifying glass, with mixed performance in the stock market, in some instances
underperforming compared to competitors and in others,
outperforming. Analysts have
lowered their price target to $85.00, which contributed to stock falling by 5%. Still, Northern Trust reported its Q1-Q3
earnings, with Q3 net income reported at $327.8 million and Q1 earnings missing analyst projections. Despite these challenges, the company continues to make
strategic moves, such as a recent appointment of Naoto Komoro as Head of their Japan Office, showing their commitment to global expansion. The corporation has strong
institutional backing, with 84% of the shares owned by institutions. It has also announced its intention to maintain a
quarterly cash dividend of $0.75 per share and has been
upgraded to a buy. However, it's not entirely smooth sailing as shareholders have had to endure losses over the years.
Northern Trust Corp NTRS News Analytics from Tue, 12 Sep 2023 07:00:00 GMT to Sun, 30 Jun 2024 12:26:11 GMT -
Rating -1
- Innovation 3
- Information 4
- Rumor -4
