SAEF - Why Northern Trust Shares Are Diving Today | Benzinga
Northern Trust Corporation (NASDAQ:NTRS) shares are trading lower following first-quarter FY24 financial results.
Sales declined 6% Y/Y to $1.65 billion, missing the analyst consensus of $1.75 billion. Adjusted net interest margin for the quarter contracted one basis points Y/Y to 1.61%.
Total noninterest expenses rose 6% Y/Y to $1.36 billion. Common Equity Tier (CET) 1 capital was 11.4% versus 11.3% last year.
EPS declined sharply to $0.96 from $1.51 in the ...