Reports Q1 revenue $1.7B, consensus $1.78B. Reports Q1 CET1 capital ratio 11.3%. Reports Q1 book value per share $51.37. "The recent disruptions in the banking sector reinforce the importance of Northern Trust’s 130 year track record of strength and stability. New and existing clients have consistently turned to us for their liquidity needs during periods of market stress, and the first quarter of 2023 was no exception."
Published first on TheFly
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- Northern Trust price target lowered to $113 from $118 at Barclays
- Northern Trust upgraded to Neutral from Underweight at JPMorgan
- Northern Trust price target lowered to $86 from $88 at Evercore ISI
- Northern Trust price target lowered to $105 from $108 at UBS
- Northern Trust price target lowered to $87 from $95 at RBC Capital
