In a report released yesterday, Vivek Juneja from J.P. Morgan maintained a Sell rating on Northern (NTRS – Research Report), with a price target of $91.50. The company’s shares closed yesterday at $84.08.
Juneja covers the Financial sector, focusing on stocks such as Bank of America, Citigroup, and Fifth Third Bancorp. According to TipRanks, Juneja has an average return of 12.0% and a 53.02% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Northern with a $105.83 average price target.
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Based on Northern’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.77 billion and a net profit of $396.2 million. In comparison, last year the company earned a revenue of $1.58 billion and had a net profit of $368.1 million
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Northern Trust Corp. is a financial holding company, which engages in the provision of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals. It operates through the following segments: Corporate & Institutional Services and Wealth Management. The Corporate & Institutional Services Segment offers asset servicing, brokerage, banking and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, and sovereign wealth funds. The Wealth Management Segment includes trust, investment management, custody, and philanthropic services, financial consulting; guardianship and estate administration, family business consulting; family financial education, brokerage services and private and business banking. Northern Trust was founded in 1971 and is headquartered in Chicago, IL.