Earnings Preview: Northern Trust

| About: Northern Trust (NTRS)

Northern Trust (NASDAQ:NTRS) is expected to report Q2 earnings before market open Wednesday, July 16, with a conference call scheduled for 12:00 pm ET.


Analysts are looking for EPS of $1.06 on revenue of $1.01B. The consensus range for EPS is $1.02 to $1.21, while the consensus range for revenue is $991M to $1.06B according to First Call. The company declared a quarterly dividend of 28c per share today.

On July 9 fund manager Auda Hedge selected Northern Trust as the fund administrator for its fund of hedge fund program, which has assets of over $1B. Northern Trust will also provide custody, banking and foreign exchange services to the fund of hedge fund. Northern Trust was selected on July 14 by BH Global, a newly established $1B hedge fund, to provide fund administration services.