LONDON--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) has been selected by Brickwood Asset Management, a UK asset management firm, to deliver comprehensive asset servicing solutions that cover all office functions. Brickwood Asset Management is an independent firm in the UK that specializes in value investing. It was established in 2024 by Ben Whitmore, a seasoned equity fund manager with over 30 years of experience.
Northern Trust (NTRS) shares have begun to rise and could keep increasing soon, based on positive changes in earnings forecasts.
I recommend Northern Trust Corporation as a good investment for long-term investors due to its strong performance in the fourth quarter, strategic advancements, and a positive outlook for the wealth management sector. Important highlights include a 26% increase in revenue, a forward dividend yield of 2.7%, and the successful implementation of the One Northern Trust Strategic initiative. Additionally, the new government's tax policies are likely to help NTRS by providing clients with chances to adjust their portfolios, which will increase Trust fees and assets under management.
Is Northern Trust Corporation (NTRS) a strong choice for momentum investors? Let's take a closer look.
Northern Trust (NTRS) has received a Zacks Rank #1 (Strong Buy) upgrade, indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price in the short term.
On Thursday, Northern Trust announced that its profit for the fourth quarter increased more than four times, surpassing Wall Street predictions. This surge in profit was driven by a strong stock market, which enhanced the company's earnings from asset servicing and management.
Northern Trust Corporation (NTRS) reported quarterly earnings of $2.26 per share, which is higher than the Zacks Consensus Estimate of $2.02 per share. This is an increase compared to earnings of $1.46 per share from the same period last year.
CHICAGO--(BUSINESS WIRE)--Northern Trust Corporation has published its financial results for the fourth quarter of 2024. You can view the results at https://www.northerntrust.com/about-us/investor-relations or in the Current Report on Form 8-K submitted to the U.S. Securities and Exchange Commission (SEC) on January 23, 2025, which is accessible on the SEC's website at https://www.sec.gov. There will also be a webcast for the Fourth Quarter Earnings Conference Call.
NTRS is expected to see positive results in Q4 2024 due to an increase in net interest income and fees. However, higher costs are a concern in the short term.
In addition to Wall Street's predictions for Northern Trust's (NTRS) earnings, take a look at forecasts for some important metrics to better understand how the company performed in the quarter that ended in December 2024.