Headline: Northern Trust Shares Surge 4% Following Robust Q3 Results

CHICAGO - Northern Trust Corporation (NASDAQ:NTRS) reported third-quarter earnings that exceeded analyst expectations, leading to a 4% increase in its stock. The financial services company announced adjusted earnings of $2.22 per share, surpassing the analyst consensus of $1.74 by $0.48. Revenue for the quarter was $1.98 billion, exceeding the projected $1.93 billion.

In addition to its financial results, Northern Trust declared a quarterly cash dividend of $0.75 per common share, payable on January 1, 2025, to shareholders of record as of December 6, 2024. The company also announced a dividend for its Series E preferred stock.

As of June 30, 2024, Northern Trust reported $16.6 trillion in assets under custody/administration and $1.5 trillion in assets under management. These figures underscore the company's significant presence in the asset management and asset servicing sectors.