Northern Trust Corporation (NTRS) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Northern Trust Corporation (NTRS) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. NTRS reported $1.08 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $1.09. The company posted revenue of $1220.70 million in the period, compared to analysts expectations of $1244.56 million. NTRS’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS.

Northern Trust Corporation opened for trading at $70.57 and hit $71.3 on the upside on Friday, eventually ending the session at $70.59, with a gain of 1.12% or 0.78 points. The heightened volatility saw the trading volume jump to 9,51,755 shares. Company has a market cap of $15,995 M.

In a different news, on Oct 11, 2016, Jeffrey D. Cohodes (EVP/Chief Risk Officer) sold 7,616 shares at $72.35 per share price. According to the SEC, on Sep 9, 2016, Frederick H Waddell (Chairman and CEO) sold 160,367 shares at $69.81 per share price. On Sep 8, 2016, Biff Bowman (Chief Financial Officer) sold 2,960 shares at $70.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Northern Trust Corporation is a financial holding company. The Company provides asset servicing fund administration asset management fiduciary and banking solutions for corporations institutions families and individuals around the world. The Company’s operating segments include Corporate & Institutional Services (C&IS) Wealth Management and Treasury and Other. The Company has a network of offices in 19 states in the United States Washington D.C. and 20 international locations in Canada Europe the Middle East and the Asia-Pacific region. Asset Management through the Company’s various subsidiaries supports the C&IS and Wealth Management segments by providing a range of asset management and related services and other products to customers around the world. The Company’s subsidiary is The Northern Trust Company.

Northern Trust Corporation

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