Northern Trust Co. (NASDAQ:NTRS) continues to draw attention from global investors, with a new
$1.41 million investment by Swedbank AB, Quadrature Capital Ltd, and Lazard Asset Management LLC, hinting at increased trust in the company. Despite missing analyst projections with Q1 earnings of $0.96 per share, the company's stocks haven't dipped significantly. This is possibly due to other
positive metrics such as an increase in fee income and a soaring EPS to $4.34 in the Q2 2024 earnings along with 65% QoQ revenue surge, suggesting potential growth. Furthermore, to the delight of stockholders,
Northern Trust has committed to paying out a dividend of $0.75. The forecast was adjusted by Morgan Stanley which lowered its price target for
NTR S to $93.00. The company is pushing boundaries with the appointment of new market leaders and continuous innovation in its asset servicing solutions which could paint a promising future. The overall sentiment thus appears to be cautiously bullish, despite some challenges and mixed financial results.
Northern Trust Corp NTRS News Analytics from Tue, 12 Sep 2023 07:00:00 GMT to Sun, 04 Aug 2024 14:43:34 GMT -
Rating 6
- Innovation 4
- Information 5
- Rumor -5
