Northern Trust Corporation's (NTRS) stock performance has been noteworthy often outperforming competitors even despite occasional losses with more focus on growth. The firm’s Q2 earnings and revenues have tremendously exceeded estimates. Boosted by an increase in fee income, the EPS for Q2 2024 surged to $4.34, denoting a stunning 65% growth QoQ. However, high expenses and a Q1 profit miss led to the stock declining at times. Across the industry, the NTRS stock has maintained a “Hold” consensus recommendation from analysts. The company continues to expand with Savant Capital LLC and Panagora Asset Management inc. acquiring its shares. Additionally, it has been experiencing organic growth, albeit with high costs. As part of its updates, NTRS announced a Q1 2024 stress capital buffer and declared quarterly dividends on common and preferred stock. The company also appointed new members to key roles and executives sold shares. Northern Trust has substantially committed to societal responsibility in various ways, including partnering with Greenlight for financial literacy and donating to its Charitable Foundation.
Northern Trust Corp NTRS News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Sun, 08 Sep 2024 15:07:27 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor 5
