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Stock impact report

Northern Trust Q3: Resilient Financial Markets Drive Solid Fee Growth [Seeking Alpha]

Northern Trust Corporation (NTRS) 
Last northern trust corporation earnings: 4/21 07:29 am Check Earnings Report
Company Research Source: Seeking Alpha
Buoyant financial markets have helped support fee income growth. Positively, custody fees don't appear to have experienced much pricing pressure recently, landing slightly ahead of AUC/A growth. With net interest income also up nicely, Northern has seen decent margin expansion in its two main lines of business. My only really issue is with its valuation, with Northern now trading for around 2x book value. Accordingly, I remain neutral. BackyardProduction/iStock Editorial via Getty Images Buoyant financial markets have been a nice tailwind for Northern Trust (NASDAQ: NTRS ) this year, supporting solid fee income growth and margin expansion for the Chicago-based custody giant. Ultimately, that has also been good for its shares, with Northern returning around 25% year-to-date as This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the n Show less Read more
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