BofA/Merrill Lynch raised its price target on Northern Trust (NASDAQ: NTRS) to $102.00 (from $97.00) while maintaining a Buy rating following the company's 3Q earnings release. NTRS reported EPS of $1.20, above the Street's estimates of $1.12, due to a lower tax rate.

Analyst Michael Carrier expects trust, investment and other servicing fees to continue to grow, driven by higher balances and normalizing FX trading following a muted quarter.

Analyst Comments Analyst EPS Change Analyst EPS View Analyst PT Change

Northern Trust: Transparency in Alternative Assets Requires ‘Collaborative Partnership’ between Investors and Asset ManagersOctober 19, 2017 9:30 AM Northern Trust (NTRS) PT Raised to $91 at Morgan StanleyOctober 19, 2017 8:44 AM Northern Trust (NTRS) Tops Q3 EPS by 7c, Beats on RevenuesOctober 18, 2017 7:31 AM Northern Trust Corporation Reports Third Quarter Net Income of $298.4 Million, Earnings Per Common Share of $1.20October 18, 2017 7:30 AM Northern Trust (NTRS) Declares $0.42 Quarterly Dividend; 1.8% YieldOctober 17, 2017 4:30 PM Northern Trust Declares Quarterly Dividend on Common and Preferred StockOctober 17, 2017 4:28 PM Northern Trust (NTRS) Announces Michael O’Grady as New CEO; Effective January 1, 2018October 17, 2017 4:14 PM Northern Trust Names Michael G. O’Grady Chief Executive Officer, Effective January 1, 2018October 17, 2017 4:05 PM Northern Trust (NTRS) implied volatility elevated Q3October 17, 2017 10:12 AM