Evercore analyst Glenn Schorr maintains $Northern Trust (NTRS.US)$ with a hold rating, and adjusts the target price from $86 to $103.
According to TipRanks data, the analyst has a success rate of 67.3% and a total average return of 11.2% 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 premium private banking business, which serves the ultra-high net worth segment, has been hindered by average execution, impacting investor sentiment. However, with management's heightened emphasis on operational excellence, there is an expectation for positive operating leverage to ensue.
Following the Q3 report, it's noted that Northern Trust's core earnings exceeded expectations, largely due to stronger net interest income than initially projected.
Northern Trust delivered robust results for the third quarter; however, persistent concerns regarding expense issues were noted. It is anticipated that management will exert significant efforts to mitigate expense growth, although this task may prove arduous and require an extended period.
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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Evercore分析師Glenn Schorr維持$北方信託 (NTRS.US)$持有評級，並將目標價從86美元上調至103美元。
根據TipRanks數據顯示，該分析師近一年總勝率為67.3%，總平均回報率為11.2%。
此外，綜合報道，$北方信託 (NTRS.US)$近期主要分析師觀點如下：
北方信託的高端私人銀行業務，爲超高淨值客戶提供服務，受到平均執行力的影響，影響了投資者的情緒。然而，隨着管理層對運營卓越性的重視加強，有望實現正面運營槓桿效果。
根據第三季度報告，值得注意的是，北方信託的核心收入超出預期，主要是由於淨利息收入強於最初預期。
北方信託爲第三季度交出了強勁的業績；然而，關於費用問題的持續擔憂也值得注意。預計管理層將付出重大努力來緩解費用增長，儘管這項任務可能會證明是艱鉅的，並需要較長的時間。
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