Northern Trust's Q3: Mixed Results, Bright Outlook

Northern Trust Corporation, a Chicago-based financial powerhouse with a $26.8 billion market cap, is poised for strong earnings this quarter, with a projected $2.36 per share, a 4.4% increase from last year. The company has consistently surpassed estimates for four quarters and anticipates a 12.6% rise in fiscal 2025 profits, followed by a 10.6% increase in 2026. Shares have surged 35.8% over the past year, outpacing the S&P 500 and financial sector returns. However, a recent third-quarter report showed mixed results, with revenue growth of 2.8% but missed expectations, causing a 2.4% share drop. Despite a mixed rating from Wall Street, Northern Trusts solid performance and growth prospects suggest steady gains ahead.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.