Northern Trust Corp. (NTRS) has reported a significant increase in its fourth-quarter profit compared to the previous year, surpassing analysts' expectations. The firm posted a net income of $450.7 million, or $2.26 per share, a marked improvement from the $108.4 million, or $0.52 per share, reported in the same quarter last year. Wall Street analysts had projected earnings of $2.00 per share, excluding any special items.
Revenue for the quarter climbed by 26.8%, reaching $1.959 billion, up from $1.545 billion in the prior year.
Key financial highlights for Northern Trust Corp. (GAAP):
- Net Income: $450.7 million compared to $108.4 million last year.
- Earnings Per Share (EPS): $2.26 versus $0.52 in the previous year.
- Revenue: $1.959 billion compared to $1.545 billion last year.
