Northern Trust Corporation (NTRS) reported robust fiscal performance for Q3 2024, surpassing both earnings and revenue estimates. The earnings per share (EPS) soared to $2.22 with impressive quarterly revenue of $1.98 billion. The firm declared a quarterly dividend of $0.75, reinforcing its appeal to investors. While the company saw high costs, these were offset by higher fee income. The company's Q3 financial results indicate strong organic growth despite these costs. Stock market updates indicate NTRS stock is outpacing its finance peers this year, highlighting its appeal as a top momentum value stock for long-term investment. The firm is largely favored by institutional owners, including International Assets Investment Management LLC and Goldman Sachs. Following strong Q3 results, its price target has been upped to $115 from $103. Northern Trust collaborates strategically with Hamilton Lane to provide advanced private market analytics and support decision-making. Ultimately, despite Northern Trust stock experiencing some slide due to higher expenses, the overall outlook suggests continuous growth and performance, positively influencing investment sentiment.
Northern Trust Corp NTRS News Analytics from Wed, 06 Mar 2024 16:00:32 GMT to Sat, 26 Oct 2024 13:08:28 GMT - Rating 9 - Innovation 6 - Information 9 - Rumor -5
