All asset based fees will be hit, which is a leading indicator of layoffs
7 replies (most recent on top)
Accurate forecast from September 29 2022:
"Sell your NTRS stock. It is going down to the $70 range by Q1 2023
NTRS now dow $20.13 (-22.42%) year to date 2023 and below $70
What’s the new prediction for the stock in
— 3 months
— 6 months
— 9 months
— 12 months
As forecast last September, Northern Trust Corp has fallen to low $70 range.
NTRS = 73.02 USD
- 10.98 (-13.07%)past 6 months
Rising interest rates has allowed the spread on debit/credit interest for deposits at custody to swing to a much higher amount. That is almost completely off-setting the loss of revenue on the Asset Management side temporarily. They may hold out on layoffs a bit longer to see what happens.
Sell your NTRS stock. It is going down to the $70 range by Q1 2023
The Q2 2022 EPS of $1.86 missed the Zacks Consensus Q2 Estimate of $1.90
The Q3 2022 EPS forecast is now below the Q2 forecast
Big drop in Q1 '23 forecast due to lagged reporting
NTRS EPS Forecasts from I/B/E/S Refinitiv Earning Valuation Report
The Q3 2022 EPS Consensus Forecast = $1.87
The Q4 2022 EPS Consensus Forecast = $1.99
The Q1 2022 EPS Consensus Forecast = $1.81