The Northern Trust Corporation has been showing a remarkable performance, with reports consistently referring to an increase in earnings, exceeding the estimations of analysts. Their fourth-quarter report for 2024 showed robust financial performance, with an Earnings Per Share (EPS) of $2.26, surpassing estimates, and overall revenues reaching $1,970.1 Million. Analysts from Royal Bank of Canada, The Goldman Sachs Group and Keefe, Bruyette & Woods have elevated the company's price target, indicating trust in the company's continuing efficacy.
Northern Trust has also taken steps to reinforce its Board, appointing Robert Moritz and Richard Petrino. The company also announced a quarterly dividend of $0.75 and maintained the payouts of preferred stocks. Besides, the company has successfully expanded its responsibilities. It has not only been appointed by First Sentier Investors as a third-party administrator but also secured a colossal $11 billion asset servicing deal with Platinum Asset Management.
The future outlook for Northern Trust seems promising, with experts from Wall Street predicting robust earnings growth. Also, the company's stock outlook is believed to be strong given the overall momentum, high fee income and in conjunction with Northern Trust's increased efforts in strengthening its teams.
Northern Trust Corp NTRS News Analytics from Mon, 09 Sep 2024 07:00:00 GMT to Sat, 25 Jan 2025 18:56:09 GMT - Rating 8 - Innovation 3 - Information 8 - Rumor 8
