Northern Trust Corporation Reports Strong Third-Quarter Earnings

CHICAGO – Northern Trust Corporation (NASDAQ:NTRS) reported third-quarter earnings that surpassed analyst expectations, driving its stock up 4% in response to the positive results.

The financial services company posted adjusted earnings per share of $2.22, beating the analyst consensus of $1.74 by $0.48. Revenue for the quarter came in at $1.98 billion, exceeding the estimated $1.93 billion.

In addition to its financial results, Northern Trust declared a quarterly cash dividend of $0.75 per share on its common stock, payable on January 1, 2025, to shareholders of record as of December 6, 2024. The company also announced a dividend for its Series E preferred stock.

As of June 30, 2024, Northern Trust reported assets under custody/administration of $16.6 trillion and assets under management of $1.5 trillion, highlighting its significant presence in the wealth management and asset servicing sectors.

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