Morgan Stanley lowered the firm’s price target on Northern Trust to $93 from $97 and keeps an Underweight rating on the shares. All large cap banks beat the firm’s EPS estimates, mostly on provisions and revenues and some on expenses, notes the analyst, who is boosting FY25 EPS forecasts by a median 2% and reiterates an Attractive industry view in a Q2 earnings recap for big bank group.
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Read More on NTRS:
- Northern Trust reports renewed relationship with Lancashire County Pension Fund
- Northern Trust price target raised to $90 from $86 at RBC Capital
- Northern Trust reports Q2 EPS $4.34, consensus $1.90
- Northern’s Mid-Year Financial Performance Conference Call
- Northern Trust Corporation (NTRS) Q2 Earnings Cheat Sheet
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