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Northern (DE:NT4)
FRANKFURT:NT4
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Earnings Data
Report Date
Jan 23, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
€1.9Last Year’s EPS
€1.4Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 14.43%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Positive
The overall sentiment of the call was positive, with strong financial performance and growth in key areas such as net interest income and trust fees. Despite some concerns about expense growth and loan decline, the company's strategic investments and operational efficiency improvements indicate a focus on sustainable growth.Company Guidance
During the Northern Trust Corporation's third quarter 2024 earnings call, the company highlighted several key financial metrics reflecting positive business momentum. Trust fees increased by 8% year-over-year, while net interest income grew by 21%. Earnings per share saw a significant rise of 36%, excluding notable items. The company returned $453 million to shareholders and achieved record levels of assets under management (AUM) within its Wealth Management segment, with a 9% increase in Trust fee growth. Additionally, the Global Family Office reported mid-single-digit organic growth, and Asset Management sustained positive liquidity flows for the seventh straight quarter, contributing to healthy organic AUM growth. The Asset Servicing business also performed robustly, with transaction volumes and capital markets activities both experiencing double-digit growth. Northern Trust celebrated its 135th anniversary by reaffirming its commitment to enhancing operational efficiency and positioning the firm for sustained growth.Strong Financial Performance
Net income for the third quarter was $465 million, with earnings per share of $2.22 and a return on average common equity of 15.4%.
Record Net Interest Income
Net interest income reached a record $569 million, representing a 7% sequential increase and a 21% year-over-year increase.
Growth in Trust Fees
Trust fees increased by 8% year-over-year, demonstrating strong performance in this segment.
Wealth Management Momentum
Wealth Management achieved strong year-over-year Trust fee growth of 9% and reached record Assets Under Management (AUM) levels.
Asset Management Success
Asset Management generated positive liquidity flows for the seventh consecutive quarter, with significant AUM growth despite pressure on index products.
Operational Efficiency Improvements
The company generated over 100 basis points of Trust fee operating leverage and over 150 basis points of overall operating leverage.
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DE:NT4 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:NT4 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | €87.39 | €87.89 | +0.57% |
| Jul 17, 2024 | €81.74 | €81.74 | 0.00% |
| Apr 16, 2024 | €76.60 | €77.09 | +0.64% |
| Jan 18, 2024 | €73.51 | €73.51 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Northern (DE:NT4) report earnings?
Northern (DE:NT4) is schdueled to report earning on Jan 23, 2025, Before Open Not Confirmed.
What is Northern (DE:NT4) earnings time?
Northern (DE:NT4) earnings time is at Jan 23, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Northern stock?
The P/E ratio of Northern is 13.5.
What is DE:NT4 EPS forecast?
DE:NT4 EPS forecast for the fiscal quarter 2024 (Q4) is €1.9.
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