Northern Trust (NTRS) Up 6% Since Last Earnings Report: Can It Continue?

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It has been about a month since the last earnings report for Northern Trust Corporation (NTRS). Shares have added about 6% in that time frame, outperforming the S&P 500. Will the recent positive trend...

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Shares have added about 6% in that time frame, outperforming the S&P 500.\nWill the recent positive trend...</p>\n\n<a href=\"https://finance.yahoo.com/news/northern-trust-ntrs-6-since-163105571.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Northern Trust (NTRS) Up 6% Since Last Earnings Report: Can It Continue?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNorthern Trust (NTRS) Up 6% Since Last Earnings Report: Can It Continue?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-23 00:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/northern-trust-ntrs-6-since-163105571.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It has been about a month since the last earnings report for Northern Trust Corporation (NTRS). Shares have added about 6% in that time frame, outperforming the S&P 500.\nWill the recent positive trend...</p>\n\n<a href=\"https://finance.yahoo.com/news/northern-trust-ntrs-6-since-163105571.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NTRSO","symbol_name":"Northern Trust Corp PFD","start_time":0,"source_url":"https://finance.yahoo.com/news/northern-trust-ntrs-6-since-163105571.html","article_id":"2485559294","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/CorpxfcSD3xaruoFanouDg--~B/aD00NzY7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/ace7df31c7fcb10255abe7c990ea373a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485559294","pubTimestamp":1732293065,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"It has been about a month since the last earnings report for Northern Trust Corporation . Shares have added about 6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Northern Trust due for a pullback?Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.Northern Trust Q3 Earnings Beat on Higher Fee Income, Costs Rise. Northern Trust’s third-quarter 2024 adjusted earnings per share of $1.96 surpassed the Zacks Consensus Estimate of $1.73. In the prior-year quarter, the company reported earnings per share of $1.49.Results benefited from a rise in fee income. Also, an increase in total AUC and AUM balances supported financials. Strong capital ratios were another positive. However, a rise in expenses acted as a spoilsport.Net income  was $464.9 million, up 41.8% from the prio","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NTRSO":"Northern Trust Corp PFD","TFC":"Truist Financial Corp","NTRS":"北方信托公司"},"translate_title":"北方信托(NTRS)自上次收益报告以来上涨6%：还能继续吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NTRS":1,"NTRSO":0.9,"TFC":0.9},"content_text":"It has been about a month since the last earnings report for Northern Trust Corporation (NTRS). Shares have added about 6% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue leading up to its next earnings release, or is Northern Trust due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. \nNorthern Trust Q3 Earnings Beat on Higher Fee Income, Costs Rise\nNorthern Trust’s third-quarter 2024 adjusted earnings per share of $1.96 surpassed the Zacks Consensus Estimate of $1.73. In the prior-year quarter, the company reported earnings per share of $1.49. Results benefited from a rise in fee income. Also, an increase in total AUC and AUM balances supported financials. Strong capital ratios were another positive. However, a rise in expenses acted as a spoilsport. Net income (GAAP basis) was $464.9 million, up 41.8% from the prior-year quarter.\nNorthern Trust’s Revenues & Expenses Rise\nQuarterly total revenues (GAAP basis) of $1.97 billion increased 19.5% year over year. The top line also beat the Zacks Consensus Estimate of $1.87 billion.NII on a fully taxable equivalent basis was $569.4 million in the quarter under review, up 23.1% year over year. The net interest margin (NIM) was 1.68%, up 23 basis points from the prior-year quarter.Trust, investment and other servicing fees totaled $1.2 billion, up 7.6% from the year-ago quarter. Other non-interest income increased 32.6% to $209.6 million from the prior-year quarter. The rise was primarily driven by a $68.1 million pre-tax gain related to the sale of an equity investment (after-tax $51.4 million) recorded in other operating income. Non-interest expenses increased 6.4% to $1.36 billion in the reported quarter. The uptick stemmed from an elevation in all components except for occupancy and other operating expenses.\nNorthern Trust’s AUC and AUM Rise\nAs of Sept. 30, 2024, Northern Trust’s total AUC increased 25.2% year over year to $13.8 trillion. Also, total AUM rose 21.6% to $1.62 trillion.\nNorthern Trust’s Credit Quality: Mixed Bag\nTotal allowance for credit losses was $220 million, up 5% year over year. Total non-accrual assets decreased 43.1% to $39.3 million as of Sept. 30, 2024. The company reported provisions for credit losses of $8 million in the third quarter, down 42.9% from the prior-year quarter.\nNorthern Trust’s Capital and Profitability Ratios Improve\nUnder the Standardized Approach, as of Sept. 30, 2024, the Common Equity Tier 1 capital ratio was 12.6%, up from 11.4% reported in the prior-year quarter. The total capital ratio was 15.6%, up from 14.5% in the year-ago quarter. The Tier 1 leverage ratio was 8.1% compared with 7.9% in the prior-year quarter.Return on average assets was 1.26%, up from 0.93% in the year-ago quarter. Also, the return on average common equity was 15.4% compared with the year-earlier quarter’s 11.6%.\nNorthern Trust’s Capital Distribution Activities\nIn the reported quarter, Northern Trust returned approximately $453 million to shareholders through share repurchases and dividends.\nOutlook\nFourth QuarterManagement expects total operating expenses to be up approximately 2% compared to $175.3 million in the third quarter of 2024. 2024NII is anticipated to remain flat from $1.98 billion in 2023.\nHow Have Estimates Been Moving Since Then?\nIn the past month, investors have witnessed an upward trend in estimates revision.\nThe consensus estimate has shifted 9.28% due to these changes.\nVGM Scores\nCurrently, Northern Trust has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. Following the exact same course, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.\nOverall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.\nOutlook\nEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Northern Trust has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.\nPerformance of an Industry Player\nNorthern Trust belongs to the Zacks Banks - Major Regional industry. Another stock from the same industry, Truist Financial Corporation (TFC), has gained 7.8% over the past month. More than a month has passed since the company reported results for the quarter ended September 2024.\nTruist Financial reported revenues of $5.09 billion in the last reported quarter, representing a year-over-year change of -10.4%. EPS of $0.97 for the same period compares with $0.84 a year ago.\nTruist Financial is expected to post earnings of $0.88 per share for the current quarter, representing a year-over-year change of +8.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.3%.\nThe overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Truist Financial. Also, the stock has a VGM Score of D.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNorthern Trust Corporation (NTRS) : Free Stock Analysis Report\nTruist Financial Corporation (TFC) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485559294"}