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Why is Northern Trust Corp (NTRS) Stock down?
We've noticed a 5.07% decline in Northern Trust Corp (NTRS) stock during the 2024-07-17 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
18 Oct, 2023:
Shares of Northen Trust Corporation (NTRS) dropped by 6.61% from $70.61 to $65.94 in the trading on Wednesday, October 18, 2023. The reason why NTRS stock down is due to its disappointing Q3 earnings:
- Northern Trust reported quarterly earnings per share of $1.49, falling short of the Zacks Consensus Estimate of $1.50 per share and marking a decrease from $1.80 per share in the previous year. This resulted in an earnings surprise of -0.67%.
- The company also posted revenues of $1.73 billion for the quarter, slightly surpassing the Zacks Consensus Estimate by 0.30%.
- However, these figures, combined with the stock's year-to-date loss of approximately 20.2%, contributed to the downward movement in Northern Trust Corporation's stock.
12 Sep, 2023:
Shares of Northern Trust Corp. (NTRS) fell by 6.79% to $71.85 after the custodian and asset manager forecast a bigger-than-expected drop in net interest income in the third quarter
2.79%
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