Northern Trust Corporation ($NTRS) Stock Forecast: Up 6.7% Today

What is Northern Trust Corporation?

Northern Trust Corporation (NTRS) Market: The overall market for NTRS today was bullish.

Why is Northern Trust Corporation going up?

NTRS stock is up 6.7% on Oct 23, 2024 19:43

• Strong Q3 earnings were reported by NTRS, surpassing both earnings and revenue estimates.
• The increase in fee income, particularly from the sale of an equity investment, influenced the positive earnings outcome.
• Although high costs raised concerns, the market's attention shifted towards the strong financial results, leading to the stock's bullish trend.
• Analyst forecasts and key metrics for NTRS also contributed to enhancing investor trust in the stock's future performance.

NTRS Price Chart

NTRS Technical Analysis

NTRS News

Northern Trust Q3 Earnings Beat on Higher Fee Income, Costs Rise

NTRS' Q3 earnings benefit from a rise in fee income, driven by the sale of an equity investment. Yet, high costs remain a concern.

https://www.zacks.com/stock/news/2356132/northern-trust-q3-earnings-beat-on-higher-fee-income-costs-rise

Northern Trust Corporation ( NTRS ) Beats Q3 Earnings and Revenue Estimates

Northern Trust (NTRS) delivered earnings and revenue surprises of 13.29% and 5.06%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2355551/northern-trust-corporation-ntrs-beats-q3-earnings-and-revenue-estimates

What Analyst Projections for Key Metrics Reveal About Northern Trust ( NTRS ) Q3 Earnings

Evaluate the expected performance of Northern Trust (NTRS) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

https://www.zacks.com/stock/news/2353775/what-analyst-projections-for-key-metrics-reveal-about-northern-trust-ntrs-q3-earnings

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Northern Trust Corporation Price History

11.09.2024 - NTRS Stock was up 0.5%

• Northern Trust (NTRS) is garnering attention as a strong growth stock, with promising growth characteristics that could potentially surpass market expectations.
• The optimistic outlook on the company's growth potential may have contributed to heightened investor confidence, driving the bullish trend in the stock.
• Investors are displaying optimism regarding Northern Trust's capacity for robust performance, likely influenced by robust financials, strategic endeavors, or industry trends favoring its offerings.
• The market's response to Northern Trust's (NTRS) growth prospects reflects a positive sentiment towards the company's future performance.

23.09.2024 - NTRS Stock was up 7.1%

• Strong Q3 earnings and revenue were reported by Northern Trust (NTRS), exceeding analysts' expectations by 13.29% and 5.06% respectively.
• Analyst forecasts for key metrics showed positive indicators for the company's Q3 performance.
• The optimistic outlook and impressive financial results contributed to a bullish movement in NTRS stock, reflecting increased confidence in the company's future prospects.

23.09.2024 - NTRS Stock was up 6.7%

• Strong Q3 earnings were reported by NTRS, surpassing both earnings and revenue estimates.
• The increase in fee income, particularly from the sale of an equity investment, influenced the positive earnings outcome.
• Although high costs raised concerns, the market's attention shifted towards the strong financial results, leading to the stock's bullish trend.
• Analyst forecasts and key metrics for NTRS also contributed to enhancing investor trust in the stock's future performance.

23.09.2024 - NTRS Stock was up 5.3%

• Analysts anticipate positive Q3 earnings for Northern Trust, focusing on key metrics beyond traditional estimates.
• The expected growth in NII (Net Interest Income) is expected to have a positive impact on NTRS' Q3 2024 results.
• Despite concerns about increasing expenses and weakening asset quality, the overall outlook for Northern Trust's earnings remains positive.
• The market reacted favorably to the expected strong performance in the upcoming earnings report, causing the bullish movement in the stock today.

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.

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.

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.

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.

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.

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.

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.