Barclays lowered the firm’s price target on Northern Trust to $90 from $94 and keeps an Equal Weight rating on the shares post the Q3 report. The bank’s net interest income and deposits are expected to decline again in Q4, but are nearing a bottom, the analyst tells investors in a research note.
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Read More on NTRS:
- Wells Fargo downgrades Northern Trust, sees disappointments continuing
- Northern Trust downgraded to Equal Weight from Overweight at Wells Fargo
- Northern Trust NII guidance weighing on shares, says Keefe Bruyette
- Northern Trust sees Q4 NII $430M-$440M
- Northern Trust reports Q3 EPS $1.49, consensus $1.47