All Posts Tagged With: "NTRS"
(GS) Earnings Season Hits Full Throttle
Germany paid the lowest interest rate in its history in a two-year bond auction this morning, even as the country lowered its economic growth outlook for 2012. The World Bank also came out with a lowered growth outlook for the global economy this year, but there is hardly anything...
18Jan2012 | vitalstocks | 0 comments | Continued(BBT) Standard & Poor’s Revises Regional Bank Ratings
In yet another round of credit ratings revision, Standard & Poor’s (S&P) announced changes in credit ratings for 31 regional banks. The list includes 28 publicly traded parent company banks, a non-public entity Bank of North Dakota and a couple of North American...
7Dec2011 | vitalstocks | 0 comments | Continued(AAPL) A Busy Week Ahead – Earnings Preview
Earnings Preview 10/14/11 While the earnings season kicked off this past week, only 38 firms reported. The game really gets under way next week, when we will get reports from 336 firms, including 99 members of the S&P 500. Thus, by the end of the week we will have a very...
17Oct2011 | vitalstocks | 0 comments | Continued(BK) The Bank of New York Mellon to Charge for Deposits
On Thursday, The Bank of New York Mellon Corporation (BK) announced to charge fee on cash deposits of institutional investors following the surge in deposit balance with the banks. Investors having accounts with average deposit of over $50 million in the bank would come under...
7Aug2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Acquires Omnium
Last Friday, Northern Trust Corporation (NTRS) completed the acquisition of Omnium LLC, a leading hedge fund administrator, from Citadel. The acquisition of Omnium, which has around $70 billion in assets under administration, will enhance Northern Trust’s capabilities and create...
3Aug2011 | vitalstocks | 0 comments | Continued(AAPL) 2011 Second Quarter Earnings Preview – Detailed
Earnings Preview 7/15/11 Second quarter earnings season is now under way, but things really start to move into high gear next week. There will be 348 firms reporting, and 108 of those are in the S&P 500. By next Friday we should have a very good handle on how the overall...
18Jul2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Analyst Stays Neutral on Shares
We are maintaining our Neutral recommendation on Northern Trust Corporation (NTRS) based on favorable acquisition spree and global expansions of the company. In May 2011, Northern Trust agreed to acquire Omnium LLC, a leading hedge fund administrator, from Citadel. The acquisition...
29Jun2011 | vitalstocks | 0 comments | Continued(HBAN) Huntington Bancshares Upgraded
We have upgraded our recommendation on Huntington Bancshares Inc. (HBAN) to Neutral from Underperform on the back of fundamentals, better-than-expected first quarter 2011 results, current economic environment and the recent credit trends. Huntington Bancshares reported first...
26Jun2011 | vitalstocks | 0 comments | Continued(BAC) Federal Reserve Requires More Stress Tests
The Federal Reserve requires more banks to submit their capital plans annually to prove their financial ability to confront another recession. The Federal Reserve will also hold the right to ban capital deployment activities of unsuccessful banks. This is part of Federal Reserve’s...
15Jun2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Acquires BoISS
On Wednesday, Northern Trust Corporation (NTRS) announced the completion of its acquisition of Bank of Ireland Securities Services (BoISS) from Bank of Ireland Group for €60 million ($82 million). In February 2011, Northern Trust announced its plan to acquire the fund administration,...
14Jun2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Looks To Be On An Acquisition Spree
Northern Trust Corporation (NTRS) is on an acquisition spree. The latest acquisition that the company has agreed to is that of Omnium LLC, a leading hedge fund administrator, from Citadel. The acquisition of Omnium, which has around $70 billion in assets under administration,...
6Jun2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Analyst Upgrades Shares to Neutral
We have upgraded our recommendation on Northern Trust Corporation (NTRS) to Neutral from Underperform attributed to synergies expected from the recent acquisitions. In April, Northern Trust reported first-quarter 2011 earnings of 59 cents per share, which was below the Zacks...
5May2011 | vitalstocks | 0 comments | Continued(MI) Marshall & Ilsley Reports High Loss
Marshall & Ilsley Corporation’s (MI) first quarter 2011 loss of 27 cents per share exceeded the Zacks Consensus Estimated loss of 18 cents but was in line with the prior-year quarter result. M&I’s results for the reported quarter suffered mainly due to lower net interest...
2May2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Earnings Report Estimates
Northern Trust Corporation’s (NTRS) first-quarter 2011 earnings of 59 cents per share were below the Zacks Consensus Estimate of 65 cents per share. The decrease was attributable to a persistently low interest rate environment, which in turn, negatively affected net interest...
27Apr2011 | vitalstocks | 0 comments | Continued(GS) Earnings Boost For Stocks – Ahead of Wall Street
Tuesday, April 19, 2011 Following the uncomfortable reminder from the S&P yesterday about the nation’s financial health, stocks will likely go back to ‘normal’ behavior today. Helping the market shift its focus is positive earnings reports from two major...
19Apr2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Analyst Downgrades Shares To Underperform
We have downgraded our recommendation on Northern Trust Corporation (NTRS) to Underperform from Neutral, as the current operating environment is putting pressure on earnings. Though we expect the company to benefit from rising interest rates, more visibility is needed to get...
3Apr2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Corporation Buys Bank of Ireland Securities Services
Last week, Northern Trust Corporation (NTRS) announced the acquisition of Bank of Ireland Securities Services (BOISS) for $82 million (€60 million). BOISS, the fund administration unit of Bank of Ireland (IRE), comprise the fund administration, investment operations outsourcing...
2Mar2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Fourth Quarter Earnings Report Lags Estimates
Northern Trust Corporation’s (NTRS) fourth quarter earnings of 64 cents per share were below the Zacks Consensus Estimate of 71 cents per share. The decrease was attributable to low interest rate environment, which in turn, was negatively affected by net interest income and...
24Jan2011 | vitalstocks | 0 comments | Continued(ABT) Company News for January 20, 2011 – Corporate Summary
• Share prices of tech major IBM (NYSE:IBM) rose by 3.35% after the company posted excellent earnings figure on Tuesday night • Adtran Inc (NASDAQ:ADTN) increased 6.56% to end at $42.25 after the company posted an increased sales figures for the fourth quarter that came...
21Jan2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Quarterly Earnings Report Lags Estimates
Northern Trust Corporation’s(NTRS) third quarter earnings of 64 cents per share were below the Zacks Consensus Estimate of 72 cents per share, attributed to low interest rate environment and lingering economic recovery. Last year, the company reported a gain of 77 cents per...
22Oct2010 | vitalstocks | 0 comments | Continued(STT) State Street Corporation Expands Relationship with Babson
State Street Corporation (STT) is expanding its relationship with Babson Capital Management LLC by providing investment operations and technology services. The company has already been providing custody, trustee, private equity and hedge fund services to Babson Capital since...
3Oct2010 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Corporation – Bear of the Day
We have downgraded the recommendation for Northern Trust Corporation (NTRS) to Underperform from Neutral given uncertain prospects related to changes within the financial services industry and regulatory environment. Low interest rates continue to restrain earnings, impacting...
24Sep2010 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Analyst Lowers Shares
We have downgraded our recommendation for Northern Trust Corporation (NTRS) to “Underperform” from “Neutral”, given the low interest rate environment and the uncertain prospects related to changes within the financial services industry and the regulatory background. Northern...
24Sep2010 | vitalstocks | 0 comments | Continued(STT) State Street Corporation Looks to Surpass Estimates
State Street Corp. (STT) said on Wednesday that it expects to report second quarter 2010 operating earnings of 93 cents, which would easily beat the Zacks Consensus Estimate of 72 cents. Operating earnings for the quarter exclude a one-time tax benefit of $180 million or 36 cents...
1Aug2010 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust’s Second Quarter Report Beats Estimates
Northern Trust Corporation’s (NTRS) second quarter earnings of 82 cents per share outpaced the Zacks Consensus Estimate of 74 cents per share, despite the low interest rate environment and lingering economic recovery. In last year’s second quarter, the company reported...
22Jul2010 | vitalstocks | 0 comments | Continued(STT) State Street Corporation Reports Second Quarter 2010 Earnings In-Line
State Street Corporation (STT) reported second quarter 2010 operating earnings of 93 cents, in line with the Zacks Consensus Estimate. Results improved 24% from 75 cents in the prior quarter and 4.5% from 89 cents in the prior-year quarter. Operating results, however, exclude...
20Jul2010 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Corporation Boosts Insurance Business
Northern Trust Corporation (NTRS) is experiencing a strong growth in delivering solutions to insurance companies. The addition of new clients and an increase in services to its existing clients have helped the company post strong growth. Northern Trust has added more than $95...
20May2010 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Fourth Quarter Report Misses Expectations
Northern Trust Corp.’s (NTRS) fourth quarter earnings of 64 cents per share were below the Zacks Consensus Estimate of 72 cents. Last year, the company reported a gain of 61 cents per share. Earnings benefited mainly from a decrease in loan loss provisions. Net interest income...
21Apr2010 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Estimate Revision Trend – Earnings Preview
Northern Trust Corp. (NTRS) is scheduled to release its first quarter 2010 earnings on April 20, 2010, before the opening bell. Management has not provided any financial guidance for the quarter. Interest rates are resting at historic lows, where they appear they will stay for...
13Apr2010 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Corporation Outdoes Consensus
Northern Trust Corporation’s (NTRS) fourth quarter earnings of 82 cents per share were ahead of the Zacks Consensus Estimate of 67 cents. Last year, the company reported a gain of $1.47 per share. Net income was $200.3 million versus $342.3 million last year. Earnings were...
20Jan2010 | vitalstocks | 0 comments | Continued