Northern Trust (NTRS) Tops Q2 EPS by 5c

Northern Trust (NASDAQ: NTRS) reported Q2 EPS of $1.68, $0.05 better than the analyst estimate of $1.63.

“Northern Trust continued to perform well in the second quarter, delivering strong growth and returns on capital for shareholders,” said Michael O’Grady, President and Chief Executive Officer. “This quarter’s results reflected organic growth in our businesses along with generally favorable macroeconomic conditions. Trust, investment and other servicing fees, net interest income, and foreign exchange trading income all delivered double-digit, year-over-year growth. This performance produced solid positive operating leverage and fee operating leverage versus last year, while we continued to focus on our strategy of providing clients with outstanding solutions and differentiated service, improving productivity, and investing in future growth.”

For earnings history and earnings-related data on Northern Trust (NTRS) click here.

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