RBC Capital analyst Gerard Cassidy maintains $Northern Trust (NTRS.US)$ with a buy rating, and adjusts the target price from $100 to $107.
According to TipRanks data, the analyst has a success rate of 62.6% and a total average return of 17.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Northern Trust (NTRS.US)$'s main analysts recently are as follows:
Northern Trust's distinguished and unique private banking operations, which primarily serve the ultra-high net worth clientele, have had their potential hindered by moderate execution, impacting investor sentiment. Management has emphasized a heightened concentration on operational excellence, which is expected to yield positive operating leverage.
Post-Q3 report, Northern Trust's core earnings exceeded expectations due to a robust net interest income.
Northern Trust demonstrated robust performance in its Q3 results, though persistent challenges with expenses have impacted its operations. It is anticipated that management's concerted efforts to mitigate expense growth may face hurdles and potentially require a prolonged period to achieve.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
