- Provision for Credit Losses: $8.0 million compared to a recovery of $15.5 million last year; estimated was $8.8 million.
- Earnings Per Share (EPS): $4.34 versus $1.56 last year; estimated was $1.75.
- Non-interest Expenses: $1.53 billion, up 15% year-over-year; estimated was $1.35 billion.
- Return on Average Common Equity: 31.2%, compared to 12.4% last year.
- Return on Average Assets: 2.44%, compared to 0.91% last year.
- Assets Under Custody/Administration: $16.57 trillion, up 14% year-over-year.
- Assets Under Custody: $13.04 trillion, up 16% year-over-year; estimated was $12.97 trillion.
- Assets Under Management: $1.53 trillion, up 12% year-over-year; estimated was $1.55 trillion.
- Trust, Investment & Other Servicing Fees: $1.17 billion, up 6.4% year-over-year; matched the estimated $1.17 billion.
- Effective Tax Rate: 23.6%, compared to 24.7% last year; estimated was 24.5%.
- FTE Revenue: $2.72 billion, up 54% year-over-year; estimated was $1.84 billion.
- Net Interest Margin (FTE): 1.57%, compared to 1.61% quarter-over-quarter; estimated was 1.59%.
- Net Interest Income (FTE): $529.8 million, down 1% quarter-over-quarter; estimated was $520 million.
- Analyst Ratings: 3 buys, 11 holds, and 3 sells.
A look at Northern Trust Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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
Analysts reviewing the Smartkarma Smart Scores for Northern Trust have highlighted a positive long-term outlook for the company. With solid scores in key areas such as value, dividend, and momentum, Northern Trust is positioned well for growth and stability. The company’s resilience score of 5 indicates a strong ability to weather market fluctuations, making it an attractive option for investors looking for stability in their portfolios.
As a financial holding company offering a range of investment management and banking services, Northern Trust is known for providing solutions to corporations, institutions, and high-net-worth individuals. The company’s focus on banking operations, coupled with its high scores across various factors, suggests a promising future for Northern Trust in the financial services sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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