Northern Trust Corporation (NTRS) Q1 Earnings and Revenues Surpass Estimates

Northern Trust reported quarterly EPS of $2.71, beating the Zacks consensus estimate of $2.37 by $0.34, or about 14%. Earnings also improved sharply from $1.90 per share a year ago, indicating stronger underlying profitability. The release is positive for the stock but is likely to have only a moderate near-term market impact.

Analysis

Northern Trust reported quarterly EPS of $2.71, beating the Zacks consensus estimate of $2.37 by $0.34, or about 14%. Earnings also improved sharply from $1.90 per share a year ago, indicating stronger underlying profitability. The release is positive for the stock but is likely to have only a moderate near-term market impact.