Northern Trust Corp

NTRS: XNAS (USA)
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Northern Trust Earnings: Mostly in Line With Our Expectations

Northern Trust reported a solid third quarter on Oct. 21. Excluding notable items, revenue rose 11%, and expenses rose 5%. Pretax income grew by 21%, while adjusted EPS grew 40%, driven by an abnormally low tax rate. Shares were mostly flat in intraday trading.

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