Northern Trust CorporationNASDAQ
Wed, Oct. 19, 7:37 AM
Wed, Oct. 19, 5:41 AM
Tue, Oct. 18, 5:30 PM
Wed, Jul. 20, 9:03 AM
Wed, Jul. 20, 8:09 AM
- Q2 net income excluding items of $252.7M or $1.06 per share. ROE of 11.7%. In Q2 one year ago, net income excluding items was $246.7M or $1.01 per share, with ROE of 11.8%.
- Assets under custody of $6.35T up 3% Y/Y. AUM of $906.2B down 4%.
- Noninterest income of $1.017B up 1% Y/Y. Trust investment and other servicing fees of $777.2M up 3%. Forex trading income of $64.4M down 14%.
- Net interest income of $306.6M up 19% Y/Y, with NIM of 1.16% up 16 basis points.
- Compensation expense of $389.5M up 8% Y/Y.
- CET1 ratio of 11.5% down 50 bps Y/Y.
- CC at noon ET
- Previously: Northern Trust EPS in-line, beats on revenue (July 20)
- NTRS flat premarket
Wed, Jul. 20, 7:32 AM
Tue, Jul. 19, 5:30 PM
Thu, Jul. 7, 8:02 AM
Tue, Jun. 28, 12:12 PM
Thu, Jun. 23, 4:51 PM
- Ally Financial (NYSE:ALLY): Actual end of 2015 CET1 ratio of 9.2%, Q1 2018 CET1 ratio under severely adverse scenario of 6.1%, minimum 6.1%.
- American Express (NYSE:AXP): Actual 12.4%, Q1 2018 12.3%, minimum 11.4%.
- Bank of America (NYSE:BAC): Actual 11.6%, Q1 2018 8.1%, minimum 8.1%.
- BNY Mellon (NYSE:BK): Actual 11.5%, Q1 2018 11.2%; minimum 10.5%.
- BB&T (NYSE:BBT): 10.3%, 6.9%, 6.9%
- BBVA Compass (NYSE:BBVA): 10.7%, 6.5%, 6.5%.
- BMO Financial (NYSE:BMO): 11.9%, 5.9%, 5.9%.
- Capital One (NYSE:COF): 11.1%, 8.2%, 8.2%.
- Citigroup (NYSE:C): 15.3%, 9.2%, 9.2%.
- Citizens Financial (NYSE:CFG): 11.7%, 8.8%, 8.8%.
- Comerica (NYSE:CMA): 10.5%, 8.3%, 8.3%.
- Discover (NYSE:DFS): 13.9%, 12.4%, 11.9%.
- Fifth Third (NASDAQ:FITB): 9.8%, 6.8%, 6.8%.
- Goldman Sachs (NYSE:GS): 13.6%, 10.2%, 8.4%.
- HSBC N.A. (NYSE:HSBC): 15.7%, 9.1%, 9.1%.
- Huntington Bancshares (NASDAQ:HBAN): 9.8%, 5%, 5%.
- JPMorgan (NYSE:JPM): 12%, 8.3%, 8.3%.
- KeyCorp (NYSE:KEY): 10.9%, 6.4%, 6.4%.
- M&T (NYSE:MTB): 11.1%, 6.9%, 6.9%.
- Morgan Stanley (NYSE:MS): 16.4%, 10%, 9.1%.
- Northern Trust (NASDAQ:NTRS): 10.8%, 9.6%, 9.6%.
- PNC Financial (NYSE:PNC): 10.6%, 7.6%, 7.6%.
- Regions (NYSE:RF): 10.9%, 7.3%, 7.3%.
- Santander Holdings (NYSE:SAN): 12%, 11.8%, 11.8%
- State Street (NYSE:STT): 13%, 9.6%, 9.6%
- SunTrust (NYSE:STI): 10%, 7.5%, 7.5%.
- TD Group (NYSE:TD): 13.1%, 8.4%, 8.4%.
- U.S. Bancorp (NYSE:USB): 9.6%, 7.5%, 7.5%.
- Wells Fargo (NYSE:WFC): 11.1%, 7.2%, 7.2%.
- Zions (NASDAQ:ZION): 12.2%, 6.6%, 6.6%.
- Previously: All 33 banks pass this year's stress tests (June 23)
Thu, Jun. 16, 12:23 PM
- Increasing costs and weaker capital markets activity are a bad combination, but they're coming should the U.K. vote to exit the EU, says KBW's Brian Kleinhanzl, expecting a two-year transition period with those headwinds.
- Longer-term, though, Brexit should be a wash for the U.S. universal banks.
- As for the shorter-term, banks would need to have presence in both the U.K. and EU - the transition should be a manageable expense, but the run-rate costs would remain.
- Kleinhanzl sees JPMorgan (NYSE:JPM) and Goldman Sachs (NYSE:GS) as most exposed to the fallout thanks to the relatively large amount of income each generates from U.K. units. Citigroup and the custodial banks - BNY Mellon (NYSE:BK), State Street (NYSE:STT), Northern Trust (NASDAQ:NTRS) - should be less impacted since operations in the U.K. are smaller relative to the overall companies.
Fri, Jun. 3, 9:47 AM
- At the moment, it's looking like "wait till next year," for the higher interest rates much of the yield-starved financial sector has been waiting for. This morning's disappointing jobs numbers has traders quickly reversing bets on a rate hike this summer.
- Meanwhile, the 10-year Treasury yield has crumbled to a two-month low of 1.70%.
- The XLF is down 1.9%, leading the S&P 500's 0.5% decline. The SPDR KBW Bank ETF (KBE -3.5%), the SPDR Regional Banking ETF (KRE -3.4%).
- Among the Too Big To Fail names, Bank of America (BAC -4.7%) and Citigroup (C -4.8%) are hardest hit. In regionals, Regions Financial (RF -4.4%), KeyCorp (KEY -4%), BB&T (BBT -3.3%), Fifth Third (FITB -4.4%).
- State Street (STT -3.5%), Northern Trust (NTRS -3.8%), Schwab (SCHW -5.4%), E*Trade (ETFC -5.8%), Ameritrade (AMTD -5.5%), MetLife (MET -3.6%), Prudential (PRU -3.2%), Lincoln Financial (LNC -4.1%)
- ETFs: XLF, FAS, FAZ, KRE, UYG, VFH, KBE, IYF, BTO, IAT, IYG, FNCL, SEF, FXO, KBWB, QABA, KBWR, RYF, FINU, KRU, RWW, XLFS, FINZ, KRS, JHMF, WDRW, FAZZ, DPST, FNCF
Wed, May 18, 1:08 PM
- The meme of rates lower for longer has been stood on its head in the last 24 hours thanks to some decent economic data, but also surprisingly hawkish Fedspeak yesterday.
- The fixed-income world now believes remarks from the Fed's Williams and Lockhart yesterday may have been a preview of what we'll get when the real power speaks tomorrow - Fischer and Dudley - and then on May 27, when Janet Yellen gives a speech.
- Up at 2 ET are the minutes from the FOMC's April meeting.
- The 10-year yield is higher by five basis points to 1.82% and short-term rate markets have upped expectations for a Fed move this year.
- XLF +1.85%, KBE +3.15%, KRE +3.3%
- Bank of America (BAC +3.7%), Citigroup (C +4.2%), JPMorgan (JPM +3.2%), Wells Fargo (WFC +2.1%), U.S. Bancorp (USB +2.1%), Regions (RF +3.3%), KeyCorp (KEY +3.7%), PNC Financial (PNC +2.7%), Fifth Third (FITB +3.7%), Capital One (COF +1.9%), E*Trade (ETFC +4.4%), Schwab (SCHW +4.8%), MetLife (MET +2.9%), Prudential (PRU +3.4%), Lincoln National (LNC +4.2%), BNY Mellon (BK +2.3%), Northern Trust (NTRS +2.9%)
Wed, Apr. 20, 9:16 AM
- Analyst Brian Bedell views core EPS power at something closer to $0.98 vs. Northern Trust's (NASDAQ:NTRS) headline Q1 of $1.01 (consensus was $0.95).
- Higher than expected net interest revenue drove the beat, combined with slightly lower operating expenses, and slightly higher buybacks.
- Overall, it was a good Q1, says Bedell, but the stock's current premium valuation reflects that. His price target range of $71-$73 stands against the current level of $71.84.
- Bedell ranks #1,275 out of 3,895 analysts on TipRanks.
- Now read: Northern Trust (NTRS) On Q1 2016 Results - Earnings Call Transcript (April 19)
Tue, Apr. 19, 7:39 AM
- Northern Trust (NASDAQ:NTRS): Q1 EPS of $1.01 beats by $0.06.
- Revenue of $1.19B (+4.4% Y/Y) beats by $10M.
Mon, Apr. 18, 5:30 PM