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Northern Trust Third Quarter 2024 Earnings: Beats Expectations
Northern Trust (NASDAQ:NTRS) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$1.96b (up 14% from 3Q 2023).
- Net income: US$445.0m (up 44% from 3Q 2023).
- Profit margin: 23% (up from 18% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: US$2.23 (up from US$1.49 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Northern Trust Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.0% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are up 6.1% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Northern Trust you should be aware of, and 1 of them is potentially serious.
Valuation is complex, but we're here to simplify it.
Discover if Northern Trust might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About NasdaqGS:NTRS
Northern Trust
A financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide.