Barclays analyst Jason Goldberg maintains $Northern Trust (NTRS.US)$ with a hold rating, and maintains the target price at $115.
According to TipRanks data, the analyst has a success rate of 63.6% and a total average return of 12.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Northern Trust (NTRS.US)$'s main analysts recently are as follows:
The 'best-in-class and hard to replicate' private banking franchise of Northern Trust, known for its focus on the ultra-high net worth segment, has encountered challenges due to 'middling execution,' impacting investor sentiment. Management's emphasis on operational excellence is anticipated to result in positive operating leverage, according to an analyst.
Northern Trust's core earnings surpassed expectations, primarily driven by a net interest income that proved to be more favorable than initially projected.
Northern Trust reported strong results for the third quarter; however, persistent expense concerns have had an impact on its overall performance. It is anticipated that management will make concerted efforts to reduce expense growth, though this endeavor is expected to be challenging and may require a considerable amount of time.
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.
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