Northern Trust Corporation (NASDAQ:NTRS) asset management services provider, is expected to report second quarter earnings results, before market open, on Wednesday 22nd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 1.37 per share.
Looking ahead, the full year income are expected at $ 5.73 per share on the revenues of $ 6040.35 million.
Previous Quarter Performance
Northern Trust Corporation disclosed income for the first quarter of $ 1.55 per share, from the revenue of $ 1,588.00 million. The quarterly earnings increased 4.73 percent while revenues swell 7.69 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.45 per share from $ 1541.38 million in revenue. The bottom line results beat street analysts by $ 0.1 or 6.90 percent, at the same time, top line results outshined analysts by $ 46.62 million or 3.02 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NTRS was $ 79.83, representing a 31.58 % increase from the 52 week low of $ 60.67 and a 27.74 % decrease over the 52 week high of $ 110.48.
The company has a market capital of $ 16.61 billion and is part of the Financial Services sector and Asset Management industry.
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Recent Analyst recommendations
On 10th July 2020, maintained by Bank of America at Neutral rating, with $ 85.00 target price.
On 9th July 2020, maintained by Deutsche Bank at Hold rating, with $ 83.00 target price.
On 9th July 2020, downgraded by Wolfe Research to Underperform from Peer Perform rating.
On 8th July 2020, initiated by Seaport Global Securities at Neutral rating.
On 8th July 2020, upgraded by Jefferies Financial Group to Buy from Hold rating, with $ 95.00 target price.
Recent Stock Dividend Announcement
On April 21, 2020, the board of directors authorized quarterly dividend of $ 0.70 per share to holders of record as of the close of business on June 12, 2020, with payment date of July 1, 2020 and ex-dividend date on June 11, 2020.
Conference Call
Northern Trust Corporation will be hosting a conference call at 10:00 AM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.northerntrust.com
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Management. The C&IS segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.
