
Northern Trust (NTRS) Stock Forecast & Price Target
Northern Trust (NTRS) Analyst Ratings
Bulls say
Northern Trust's financial outlook remains positive, bolstered by significant growth in investment management fees driven by favorable market conditions and new business acquisitions. The firm also reported a year-over-year increase in tangible book value (TBV) per share, reflecting a 10% rise in tangible common equity, which further supports shareholder value through a reduction in outstanding shares. Additionally, the increase in custody and fund administration fees, despite some decline in transaction volumes, highlights the firm’s ability to leverage favorable market dynamics to enhance revenue streams.
Bears say
Northern Trust's outlook is negatively impacted by expectations of a recession in 2024, which could lead to lower earnings and profitability, higher credit losses, and slower loan growth. The company's net interest margin (NIM) has stagnated at 1.57%, indicating profitability challenges as it remains flat compared to previous quarters and year-over-year. Furthermore, the reported return on equity (ROE) has declined to 10.0% in 2023, reflecting a decrease in financial performance that could further hinder investor confidence.
This aggregate rating is based on analysts' research of Northern Trust and is not a guaranteed prediction by Public.com or investment advice.
Northern Trust (NTRS) Analyst Forecast & Price Prediction
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