RBC Capital raised the firm’s price target on Northern Trust to $90 from $86 and keeps an Outperform rating on the shares. The company’s Q2 results were “solid” despite the “stubborn” expense issues that continue to weigh on its performance, the analyst tells investors in a research note. Northern Trust management will work diligently to bring down expense growth, but it will likely be challenging and could take some time, RBC added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTRS:
- 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
- Here’s what Wall St. experts are saying about these banks ahead of earnings
- Northern Trust appointed by Valverde to provide custody, fund administration
Questions or Comments about the article? Write to editor@tipranks.com