Investing.com - Northern Trust reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Northern Trust announced earnings per share of $1.86 on revenue of $1.78B. Analysts polled by Investing.com anticipated EPS of $1.93 on revenue of $1.76B.
Northern Trust shares are down 15% from the beginning of the year and are trading at $101.30 , down-from-52-week-high.They are outperforming the Nasdaq which is down 25.13% from the start of the year.
Northern Trust shares gained 0.08% in pre-market trade the report.
Northern Trust follows other major Financial sector earnings this month
Northern Trust's report follows an earnings missed by JPMorgan on July 14, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.89 on revenue of $31.81B.
Bank of America had missed expectations on Monday with second quarter EPS of $0.73 on revenue of $22.69B, compared to forecast for EPS of $0.7485 on revenue of $22.72B.
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