Northern Trust Reports Solid Third Quarter Results
Northern Trust reported net income of $203 million ($0.84 per diluted share) for the third quarter, which included a $32.6 million gain on the sale of an office building. Excluding this, earnings per share would have been $0.76 per share, down 3% sequentially but up 4% quarter over quarter. Underlying return on equity was 9.6%, just south of the bank’s 10% cost of equity. Like … Continue reading Northern Trust Reports Solid Third Quarter Results