Jefferies Raises Price Target on Northern Trust (NTRS) to $71 Following 2Q

Northern Trust Announces Increased Quarterly Dividend

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.38 per share on its common stock ($1.66-2/3 par value), payable on October 1, 2016, to stockholders of record on September 2, 2016.

The dividend represents a 6 percent increase from the prior quarterly rate of $0.36 per share, and will result in an expected annual dividend rate of $1.52, compared with the prior annual rate of $1.44.

"We are... More

Northern Trust Corporation Reports Second Quarter Net Income of $260.7 Million, Earnings Per Common Share of $1.09

Return on Average Common Equity of 12.2%

Returned $224.2 Million in Capital to Common Stockholders

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation today reported second quarter net income per diluted common share of $1.09, compared to $1.10 in the second quarter of 2015 and $1.01 in the first quarter of 2016. Net income was $260.7 million, compared to $269.2 million in the prior-year quarter and $241.8 million in the prior quarter. Return on average common equity was 12.2%, compared to 12.8% in the prior-year quarter and 11.4% in the prior quarter.

The current quarter included a pre-tax gain on the sale of... More

Northern Trust Names William L. Morrison Vice Chairman

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation (Nasdaq: NTRS) announced today that President William L. Morrison has been appointed to a new role as Vice Chairman. The appointment will take effect October 1, 2016.

Morrison will continue to report to Chairman and Chief Executive Officer Frederick H. Waddell, who will assume the role of President. As Vice Chairman, Morrison will continue to lead the cultivation and development of key relationships with clients and prospects, both personal and institutional, around the globe. Additionally, he will... More