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.
Northern Trust (NTRS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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.