Northern Trust Corp
NTRS: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| B#z | LOCK|c^> | LOCK|Y%l>QzN |
Northern Trust Earnings: Mostly in Line With Our Expectations
Northern Trust reported a solid third quarter on Oct. 21. Excluding notable items, revenue rose 11%, and expenses rose 5%. Pretax income grew by 21%, while adjusted EPS grew 40%, driven by an abnormally low tax rate. Shares were mostly flat in intraday trading.
