Northern Trust (NTRS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Increasing non-interest income, NII and growth in loan balances are likely to aid Northern Trust's (NTRS) revenues. However, high costs and the current volatility of markets remain a concern.
Northern Trust Corporation (NASDAQ:NTRS ) Q2 2024 Results Conference Call July 17, 2024 9:30 AM ET Company Participants Jennifer Childe - Director of IR Mike O'Grady - Chairman and CEO Jason Tyler - CFO John Landers - Controller Grace Higgins - Investor Relations Conference Call Participants Betsy Graseck - Morgan Stanley Mokshith Reddy - Jefferies Brennan Hawken - UBS Mike Mayo - Wells Fargo Brian Bedell - Deutsche Bank Alex Blostein - Goldman Sachs Vivek Juneja - JP Morgan Ebrahim Poonawala - Bank of America Brennan Hawken - UBS Operator Good day, and welcome to the Northern Trust Corporation's Second Quarter 2024 Earnings Conference Call. Today's conference is being recorded.
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.
Although the revenue and EPS for Northern Trust (NTRS) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Northern Trust Corporation (NTRS) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $1.79 per share a year ago.
Asset and wealth manager Northern Trust posted a more than two-fold jump in second-quarter profit on Wednesday, thanks to higher fee income and an accounting gain of $878.4 million from a stock exchange deal with Visa.
Get a deeper insight into the potential performance of Northern Trust (NTRS) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Northern Trust's (NTRS) second-quarter 2024 results are likely to be driven by an improving lending scenario and strong fee income growth amid rising expenses and weakening asset quality.