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Northern Trust Corporation ($NTRS) Stock Forecast: Down 5.3% Today

Morpher AI identified a bearish signal. The stock price may continue to fall based on the momentum of the negative news.

What is Northern Trust Corporation?

Northern Trust Corp (NTRS) is a financial services company that provides asset servicing, fund administration, and investment management services to institutions and high-net-worth individuals. The stock NTRS had a bearish movement today in the market.

Why is Northern Trust Corporation going down?

NTRS stock is down 5.3% on Jul 18, 2024 13:36

  • Despite reporting strong profitability in Q2 2024, Northern Trust Corp experienced a bearish movement, possibly due to missing EPS estimates.
  • The increase in revenue and profit was overshadowed by the fact that the earnings per share fell below analyst estimates, leading to a negative market reaction.
  • The rise in costs and provisions, despite the significant increase in fee income driven by the Visa transaction, could have contributed to investor concerns and the bearish movement of the stock.
  • Overall, the market sentiment towards Northern Trust Corp seems to have been impacted by the mixed results in their earnings report, causing the bearish movement in the stock price.

NTRS Price Chart

NTRS News

Northern Trust Corp (NTRS) Q2 2024 Earnings Call Transcript Highlights: Strong Profitability ...

Northern Trust Corp (NTRS) Q2 2024 Earnings Call Transcript Highlights: Strong Profitability Amid Rising Expenses

https://www.gurufocus.com/news/2475749/northern-trust-corp-ntrs-q2-2024-earnings-call-transcript-highlights-strong-profitability-amid-rising-expenses

News Article Image Northern Trust Corp (NTRS) Q2 2024 Earnings Call Transcript Highlights: Strong Profitability ...

Q2 2024 Northern Trust Corp Earnings Call Transcript

Q2 2024 Northern Trust Corp Earnings Call Transcript

https://www.gurufocus.com/news/2475708/q2-2024-northern-trust-corp-earnings-call-transcript

News Article Image Q2 2024 Northern Trust Corp Earnings Call Transcript

NTRS Stock Earnings: Northern Trust Misses EPS, Beats Revenue for Q2 2024

Northern Trust (NASDAQ:NTRS) just reported results for the second quarter of 2024. Northern Trust reported earnings per share of $1.78. This was below the analyst estimate for EPS of $1.90. The company reported revenue of $2.72 billion. This was 31.84% better than the analyst estimate for revenue of $2.06 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/ntrs-stock-earnings-northern-trust-for-q2-of-2024/

News Article Image NTRS Stock Earnings: Northern Trust Misses EPS, Beats Revenue for Q2 2024

Northern Trust ( NTRS ) Q2 Earnings Beat on Increased Fee Income

Northern Trust's (NTRS) Q2 earnings reflect a significant rise in fee income, driven by the net impact of the Visa transaction. Yet, the rise in costs and provisions are headwinds.

https://www.zacks.com/stock/news/2303786/northern-trust-ntrs-q2-earnings-beat-on-increased-fee-income

News Article Image Northern Trust  ( NTRS )  Q2 Earnings Beat on Increased Fee Income

Earnings Summary: Northern Trust Corp. reports higher Q2 revenue, profit

Northern Trust Corporation (NASDAQ: NTRS) on Wednesday reported a sharp increase in revenue and profit for the second quarter of 2024.n Earnings, on a per-share basis, more than doubled to […] The post Earnings Summary: Northern Trust Corp. reports higher Q2 revenue, profit first appeared on AlphaStreet .

https://news.alphastreet.com/earnings-summary-northern-trust-corp-reports-higher-q2-revenue-profit/

News Article Image Earnings Summary: Northern Trust Corp. reports higher Q2 revenue, profit

Northern Trust Corporation Price History

18.06.2024 - NTRS Stock was down 5.3%

  • Despite reporting strong profitability in Q2 2024, Northern Trust Corp experienced a bearish movement, possibly due to missing EPS estimates.
  • The increase in revenue and profit was overshadowed by the fact that the earnings per share fell below analyst estimates, leading to a negative market reaction.
  • The rise in costs and provisions, despite the significant increase in fee income driven by the Visa transaction, could have contributed to investor concerns and the bearish movement of the stock.
  • Overall, the market sentiment towards Northern Trust Corp seems to have been impacted by the mixed results in their earnings report, causing the bearish movement in the stock price.

17.06.2024 - NTRS Stock was down 5.6%

  • Northern Trust Corporation (NTRS) fell short of the analyst estimate for earnings per share (EPS) but exceeded revenue expectations for the second quarter of 2024.
  • Despite a substantial increase in revenue and profit, the EPS miss likely disappointed investors, causing a bearish trend in the stock.
  • The company's boosted profit was driven by higher fee income and accounting gains, demonstrating its strength in specific areas.
  • Noteworthy earnings components, such as gains from Visa and restructuring charges, may have impacted investor perception but were unable to overshadow the EPS shortfall, leading to the bearish market movement for NTRS.

17.06.2024 - NTRS Stock was down 8.4%

  • Despite Northern Trust Corporation (NTRS) posting a more than two-fold jump in second-quarter profit and beating earnings and revenue estimates, the stock experienced a strong bearish movement.
  • The market may have reacted negatively due to profit-taking by investors after a period of strong performance.
  • Investors might have been expecting even higher earnings and revenue figures, leading to disappointment despite the positive results.
  • The bearish movement could also be attributed to broader market conditions or sector-specific factors impacting the stock price negatively.

17.06.2024 - NTRS Stock was down 5.9%

  • The bearish movement in NTRS could be attributed to overall market concerns in the financial sector, as indicated by the warning signs for financial stocks.
  • Investors may be reacting to the potential collapse of financial stocks, leading to a sell-off in NTRS shares.
  • The mention of momentum indicators like the RSI may have influenced traders to make bearish bets on NTRS, contributing to the downward pressure on the stock.
  • It is essential for investors to closely monitor market conditions and company-specific factors to navigate potential risks and opportunities in the financial sector.

06.02.2024 - NTRS Stock was down 5.5%

  • NTRS stock saw a decrease, possibly due to profit-taking following a recent uptrend.
  • The selection of Dotti Reeder as Market President for Dallas-Fort Worth might not have boosted the stock price.
  • Northern Trust's reduction in its stock position in Fox Factory Holding Corp. (FOXF) may have sparked concerns among investors.
  • Being re-selected by Border To Coast Pensions Partnership Limited might not have been sufficient to counteract the negative investor sentiment around the stock.

13.01.2024 - NTRS Stock was down 5.0%

  • A potential trend reversal for NTRS was anticipated due to the formation of a hammer chart pattern and positive earnings estimate revisions. However, this did not materialize, resulting in the bearish movement observed.
  • Market sentiment may have been impacted by recent leadership changes, including the appointment of Clive Bellows as President for the Europe, Middle East, and Africa (EMEA) region. This could have introduced uncertainty among investors.
  • Concerns about the stability and continuity of leadership may have arisen following the retirement of Teresa Parker, the current President of EMEA, after a long career with the company.
  • The pending regulatory approval for the leadership changes may have contributed to an element of uncertainty, prompting investors to approach NTRS with caution.

14.10.2023 - NTRS Stock was up 5.0%

  • The bullish movement of NTRS could be attributed to the recognition it received as the "Best Private Bank for Family Offices" and "Best Private Bank for Succession Planning" by Professional Wealth Management and The Banker magazines.
  • The positive outlook from Bank of America, which predicts an 11% gain in the S&P 500 and is bullish on Northern Trust, could have also contributed to the stock's bullish movement.
  • The announcement by the Frankfurt Stock Exchange to include a crypto trading facility in its strategic priorities may have sparked investor interest in Northern Trust, as it is one of the industry titans mentioned in the article.
  • The news about Binance closing gates to Russian Ruble deposits and advising users to withdraw the currency from the platform might have led some investors to seek alternative investment options, potentially benefiting Northern Trust.

02.10.2023 - NTRS Stock was up 5.2%

  • The bullish movement of NTRS could be attributed to the positive sentiment in the financial services sector.
  • The news about the AI chatbots illegally using copyrighted news may have boosted investor confidence in Northern Trust's services, as it highlights the importance of trusted financial institutions.
  • The transfer of funds by MakerDAO to protect the peg of its stablecoin may have created a positive ripple effect in the cryptocurrency market, benefiting companies like Northern Trust.
  • The partnership between Singapore's "Project Guardian" and top financial titans for asset tokenization pilots may have generated optimism about the future of digital assets, including those managed by Northern Trust.

27.09.2023 - NTRS Stock was up 5.3%

  • The bullish movement in NTRS stock could be attributed to the insider buying activity by the Chairman and CEO, Michael G. O'Grady, and the EVP & Chief Financial Officer, Jason J Tyler. This indicates confidence in the company's future prospects.
  • The news of Northern Trust hosting a charity trading day, where a significant amount of money will be donated to four charities, may have also contributed to positive sentiment surrounding the stock.
  • The overall market sentiment, as highlighted in an article from Benzinga, mentions major investment firms not giving up on London despite Brexit and the pandemic. This positive outlook on the financial industry could have indirectly benefited Northern Trust as a global financial services provider.

18.09.2023 - NTRS Stock was down 5.4%

  • Northern Trust Corporation (NTRS) reported Q3 earnings that missed estimates, indicating potential challenges for the company.
  • The company's profit in Q3 decreased from the same period last year, but still beat Street estimates, suggesting some resilience in the face of market pressures.
  • The drop in profit was offset by robust fee-based income, indicating a potential positive aspect for the company's revenue streams.
  • The overall bearish movement in the market may have influenced investor sentiment towards Northern Trust Corporation, leading to the stock's strong bearish movement.

12.08.2023 - NTRS Stock was down 7.4%

  • The bearish movement in NTRS stock today could be attributed to profit-taking by investors after a recent bullish run.
  • The development of a digital platform for carbon credits may have initially sparked investor interest, but the lack of significant news or updates on this front could have led to a decline in investor confidence.
  • The decline in Q2 performance reported by Ariel Investments may have also contributed to the bearish movement, as it indicates potential concerns about the company's overall financial performance.
  • Overall, the lack of significant positive news or updates combined with profit-taking and concerns about financial performance may have led to the bearish movement in NTRS stock today.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.