Northern Trust Reports Q3 Earnings Beat Driven by Revenue Growth and Increased Assets Under Management
Northern Trust Corporation (NTRS) reported third-quarter financial results that exceeded analyst expectations, highlighted by a Non-GAAP earnings per share of $3.40, which beat estimates by $0.55. The company's revenue rose 12.8% year-over-year to $2.29 billion, surpassing projections by $30 million. Assets under management (AUM) reached approximately $1.96 trillion, representing an 11% increase compared to the previous year, despite remaining relatively flat on a quarter-over-quarter basis. The results reflect favorable macroeconomic conditions contributing to the firm's performance in its asset servicing and wealth management segments.
Topics: assets under management earnings beat financial results revenue growth
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