Northern Trust Co. (NTRS) has seen a variety of transactions and developments recently. Orion Portfolio Solutions have sold shares, as have Oppenheimer & Co. Inc., while Empowered Funds LLC and Oppenheimer Asset Management Inc. modestly increased their positions. There's a notable increase in stock ownership from other institutional investors too. Despite these market maneuvers,
NTRS outperformed competitors on multiple occasions. The company reported positive Q2 2024 financial results, with increased fee income contributing to a successful earnings beat. Analyst forecasts were beaten, significantly improving
NTRS's outlook, as did the recording of a 151% EPS beat. These positive earning events also caused a jump in trading volume. However, there were negatives to consider such as quarterly dividends declared and a stock slide caused by higher expenses.
Northern Trust also made multiple leadership appointments and participated in various financial conferences and meetings. No new products were launched, and there were no M&A activities. The 2024 financial results were produced with a beat in all respects but no definitive vision or innovative approach was mentioned.
Northern Trust Corp NTRS News Analytics from Tue, 12 Sep 2023 07:00:00 GMT to Sun, 21 Jul 2024 15:02:57 GMT -
Rating 7
- Innovation 0
- Information 8
- Rumor -7
