Sandler O'Neill Downgrades Northern Trust (NTRS) to Hold

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Go back to Sandler O'Neill Downgrades Northern Trust (NTRS) to Hold

Northern Trust Corporation Reports First Quarter Net Income of $241.8 Million, Earnings Per Common Share of $1.01

April 19, 2016 7:35 AM EDT

Earnings Per Common Share Increased 7% over the Prior-Year Quarter

Return on Average Common Equity of 11.4%

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation today reported first quarter net income per diluted common share of $1.01, compared to $0.94 in the first quarter of 2015 and $0.99 in the fourth quarter of 2015. Net income was $241.8 million, compared to $230.7 million in the prior-year quarter and $239.3 million in the prior quarter. Return on average common equity was 11.4%, compared to 11.3% in the prior-year quarter and 11.1% in the prior quarter.

Northern Trust performed well in the first quarter of 2016, despite the volatile... More