Northern Trust tops Street 1Q forecasts
CHICAGO (AP) — CHICAGO (AP) — Northern Trust Corp. (NTRS) on Tuesday reported first-quarter profit of $241.8 million.
Per-share earnings were $1.01 per share, or 6 cents better than Wall Street had expected, according to a poll by Zacks Investment Research.
The wealth management firm posted revenue of $1.19 billion in the period, also edging out Wall Street projections.
Northern Trust shares have declined slightly more than 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 2.5 percent. The stock has decreased almost 4 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTRS at http://www.zacks.com/ap/NTRS
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