Investing.com - Northern Trust reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Northern Trust announced earnings per share of $1.32 on revenue of $1.49B. Analysts polled by Investing.com anticipated EPS of $1.38 on revenue of $1.47B.
Northern Trust shares are down 19% from the beginning of the year and are trading at $85.71 , down-from-52-week-high.They are under-performing the S&P 500 which is up 6.57% from the start of the year.
Northern Trust shares lost 0.06% in pre-market trade the report.
Northern Trust follows other major Financial sector earnings this month
Northern Trust's report follows an earnings beat by UnitedHealth on October 14, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.11 on revenue of $63.79B.
JPMorgan had beat expectations on October 13 with third quarter EPS of $2.92 on revenue of $29.94B, compared to forecast for EPS of $2.23 on revenue of $28.22B.
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