Northern Trust Q1 Profit Down 38%, But Results Miss Estimates

RTTNews | 197 days ago
Stocktwits
Northern Trust Q1 Profit Down 38%, But Results Miss Estimates

(RTTNews) - Northern Trust Corp. (NTRS) reported Tuesday that its first-quarter net income applicable to common stock declined 38 percent to $198.5 million from last year's $318.4 million, with earnings per share decreasing 37 percent to $0.96 from $1.51 last year.

On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $1.44 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue on an FTE basis declined 6 percent to $1.65 billion from last year's $1.76 billion. Analysts estimated revenues of $1.75 billion for the quarter.

Net interest income on FTE basis was $535.4 million, down 2 percent from last year, primarily due to higher funding costs.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: NTRS
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Northern Trust Q2 Results Top Estimates

Northern Trust Q2 Results Top Estimates

Northern Trust Corp. (NTRS) reported Wednesday that its second-quarter net income applicable to common stock surged to $891.4 million or $4.34 per share from $327.1 million or $1.56 per share in the prior-year quarter.
RTTNews | 104 days ago
French GDP Growth Doubles In Q3

French GDP Growth Doubles In Q3

France's economic growth doubled in the third quarter as the Paris Olympic and Paralympic Games boosted consumption, official data revealed Wednesday. Gross domestic product posted a quarterly growth of 0.4 percent after expanding 0.2 percent in the second quarter, first estimate from the statistical office INSEE showed. This was also better than economists' forecast of 0.3 percent.
RTTNews | 4h 13min ago
European Shares May See Soft Opening

European Shares May See Soft Opening

European stocks may open on a sluggish note Wednesday as investors react to mixed earnings results from U.S. technology companies and look forward to next week's U.S. presidential election and Federal Reserve rate decision for direction.
RTTNews | 5h 48min ago
European Economic News Preview: Eurozone GDP Data Due

European Economic News Preview: Eurozone GDP Data Due

Preliminary GDP estimates from the euro area and other European economies and budget announcement from the UK are due on Wednesday. At 2.30 am ET, France's statistical office INSEE publishes flash GDP and consumer spending figures. The second largest euro area economy is forecast to grow 0.3 percent in the third quarter after expanding 0.2 percent in the preceding period.
RTTNews | 6h 2min ago
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