northern trust

Northern Trust (NASDAQ: NTRS) reported 4Q EPS of $0.64 and operating EPS of $0.59, “well below our estimate of $0.71 due to a sharp decline in net interest margin (NIM), very sharp growth in expenses, and weakness in assets under management,” J.P. Morgan reports. “This was partly tempered by growth...

Jefferies is lowering its estimates and cutting its PT to $58 from $61 on shares of Northern Trust (NYSE: NTRS). “We have cut EPS estimates to $2.95 from $3.20 in 2011 and to $3.60 from $3.80 in 2012 following disappointing 4Q results,” Jefferies writes. “The 4Q result ($0.64) is 21% below the $0....

Jefferies & Company has lowered the price target on Northern Trust (NYSE: NTRS) from $61 to $58 and maintains its Hold rating.