Does Northern Trust Corporation (NTRS) have what it takes to be a top stock pick for momentum investors? Let's find out.
Northern Trust (NTRS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Northern Trust Corporation (NASDAQ:NTRS ) Q4 2024 Earnings Conference Call January 23, 2025 9:00 AM ET Company Participants Jennifer Childe - Director of IR Michael O'Grady - Chairman & CEO David Fox - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Brennan Hawken - UBS Betsy Graseck - Morgan Stanley Ebrahim Poonawala - Bank of America Alex Blostein - Goldman Sachs David Smith - Truist Securities Brian Bedell - Deutsche Bank Jim Mitchell - Seaport Global Steven Chubak - Wolfe Research Gerard Cassidy - RBC Operator Good day, and welcome to the Northern Trust Corporation Fourth Quarter 2024 Earnings Conference Call. Today's conference is being recorded.
A rise in NII and fee income, along with an increase in AUC and AUM balances, supports NTRS' Q4 earnings. Improvement in credit quality is another positive.
While the top- and bottom-line numbers for Northern Trust (NTRS) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Northern Trust on Thursday reported a more than fourfold rise in fourth-quarter profit, beating Wall Street estimates, as a rallying equity market boosted the wealth manager's income from asset servicing and management.
Northern Trust Corporation (NTRS) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.02 per share. This compares to earnings of $1.46 per share a year ago.
NTRS' Q4 2024 results are likely to benefit from a rise in NII and fee income. However, rising costs remain a near-term concern.
Besides Wall Street's top -and-bottom-line estimates for Northern Trust (NTRS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Northern Trust (NTRS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.
NTRS' rising loan balances, strong liquidity position and impressive capital distribution make it a solid pick for long-term growth.