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Northern Trust reports Q4 EPS 71c, consensus $1.80
The Fly

Northern Trust reports Q4 EPS 71c, consensus $1.80

Reports Q4 revenue $1.534B, consensus $1.75B. Q4 book value per share $49.78. Michael O’Grady, Chairmand and Chief Executive Officer said: "Northern Trust’s fourth quarter results reflected strong year-over-year growth in net interest income, which more than offset lower trust fees. Expense levels remained elevated as we continued to invest in people and technology to enhance our resiliency and support growth in the business. Reported results included $266 million in charges related to a repositioning of our securities portfolio and, in part, steps we are taking to optimize our cost base and drive greater efficiencies throughout the company. These actions underscore our commitment to improving our profitability. As we look ahead, we are focused on driving organic growth, improving our productivity and further strengthening our foundation."

Published first on TheFly

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