We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Northern Trust (NTRS) Q2 Earnings Beat on High Revenue
Read MoreHide Full Article
Have you been eager to see how Northern Trust Corporation (NTRS - Free Report) performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this IL-based popular bank’s earnings release this morning:
An Earnings Beat
Northern Trust came out with earnings per share of $1.06, beating the Zacks Consensus Estimate of $1.05. Elevated revenues were primarily responsible for this earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Northern Trust depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained stable over the last 7 days.
Moreover, Northern Trust has a decent earnings surprise history. Before posting earnings beat in Q2, the company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 4.82% in the trailing four quarters.
Northern Trust posted revenues of $1.32 billion, which outpaced the Zacks Consensus Estimate of $1.22 billion. Moreover, it compared favorably with the year-ago number of $1.26 billion.
Key Stats to Note:
Total revenue jumped 5% year over year
Northern Trust’s results reflect a continued focus on serving evolving needs of its customers, while enhancing profitability and returns to its investors. The company returned $140.8 million in capital to its shareholders in the second quarter.
Total assets under custody increased 3% year over year while total assets under management declined 4%.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #4 (Sell) for Northern Trust. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Northern Trust earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Northern Trust (NTRS) Q2 Earnings Beat on High Revenue
Have you been eager to see how Northern Trust Corporation (NTRS - Free Report) performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this IL-based popular bank’s earnings release this morning:
An Earnings Beat
Northern Trust came out with earnings per share of $1.06, beating the Zacks Consensus Estimate of $1.05. Elevated revenues were primarily responsible for this earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Northern Trust depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained stable over the last 7 days.
Moreover, Northern Trust has a decent earnings surprise history. Before posting earnings beat in Q2, the company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 4.82% in the trailing four quarters.
NORTHERN TRUST Price and EPS Surprise
NORTHERN TRUST Price and EPS Surprise | NORTHERN TRUST Quote
Revenue Came In Higher Than Expected
Northern Trust posted revenues of $1.32 billion, which outpaced the Zacks Consensus Estimate of $1.22 billion. Moreover, it compared favorably with the year-ago number of $1.26 billion.
Key Stats to Note:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #4 (Sell) for Northern Trust. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Northern Trust earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>