Northern Trust (NTRS) Misses Q3 EPS by 1c

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Go back to Northern Trust (NTRS) Misses Q3 EPS by 1c

Northern Trust Corporation Reports Third Quarter Net Income of $257.6 Million, Earnings Per Common Share of $1.08

October 19, 2016 7:30 AM EDT

Earnings Per Share Growth of 13%

Return on Average Common Equity of 11.7%

Assets under Custody Growth of 13%

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation today reported third quarter net income per diluted common share of $1.08, compared to $0.96 in the third quarter of 2015 and $1.10^ in the second quarter of 2016. Net income was $257.6 million, compared to $234.6 million in the prior-year quarter and $263.0 million^ in the prior quarter. Return on average common equity was 11.7%.

Northern Trust performed well in the third quarter of 2016, producing 1.3 points of positive operating leverage and driving... More