Northern Trust Corporation’s Stock Price Plummets to $79.56, Registering a Sharp 4.96% Decline

Northern Trust Corporation (NTRS)

79.56 USD -4.15 (-4.96%) Volume: 3.1M

Northern Trust Corporation’s stock price stands at 79.56 USD, experiencing a trading session drop of -4.96% with a trading volume of 3.1M, and a Year-to-Date (YTD) percentage change of -5.71%, signifying a challenging performance in the market.

Latest developments on Northern Trust Corporation

Today’s Northern Trust stock price movements were influenced by several key events. The custodial bank’s earnings lagged behind estimates, causing the stock to slide. The company’s profit was also negatively impacted by a debt investment sale, contributing to the downward trend. Despite topping Q1 earnings estimates, Northern Trust‘s Q1 profit miss and revenue fall year on year further impacted the stock. The shares gapped down to $83.71 and continued to dip after Q1 profit falls. Northern Trust earnings missed by $0.49, and revenue fell short of estimates, leading to a cut in stock target and maintaining a sell rating due to significant earnings.

A look at Northern Trust Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Northern Trust Corporation has a positive long-term outlook. With high scores in resilience and momentum, the company is well-positioned to weather market fluctuations and capitalize on growth opportunities. While the value, dividend, and growth scores are moderate, Northern Trust‘s focus on banking operations and providing financial solutions for a diverse client base bodes well for its future performance.

As a financial holding company, Northern Trust Corporation offers a range of services including investment management, asset administration, and banking solutions. With a balanced set of Smart Scores, the company demonstrates stability and potential for growth in the long term. Investors may find Northern Trust to be a reliable choice for their portfolios, given its solid foundation and ability to adapt to changing market conditions.

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