Northern Trust reports Q1 EPS 96c, consensus 1.44

Reports Q1 revenue $1.65B, consensus $1.75B. Reports Q1 CET1 capital ratio 11.4%. Reports Q1 book value per share $54.83. “Northern Trust delivered solid first quarter results. Trust fees grew sequentially and year over year, supported by underlying equity markets and improving momentum across our businesses. Net interest income also grew sequentially as a result of higher deposit levels. As we start the second quarter, we remain focused on further optimizing our growth, strengthening our resiliency and driving greater productivity.”