Northern Trust (NTRS) expects a 10% dip in third-quarter NII on higher funding costs.
Following insights shared at the Barclays Global Financial Services Conference, Zions Bancorp. (ZION) experienced its most promising day since July, with a notable increase in net interest income.
Shares of Northern Trust Corp fell by more than 9% to their lowest level in nearly a month on Tuesday after the custodian and asset manager forecast a bigger-than-expected drop in net interest income
Northern Trust gets hold/neutral rating today, in line with consensus from Wall Street and the quant system. Positives: Near 4% dividend yield, capital strength, share price vs. 200 day SMA. Headwinds
U.S. banks and regional banks fell across the board on Tuesday, after S&P Global Ratings downgraded five smaller players after a review of risk related to funding, liquidity and asset quality with a f
Shares of the biggest banks in the U.S., including JPMorgan Chase & Co. NYSE: JPM, Bank of America NYSE: BAC, Citigroup Inc. NYSE: C, Wells Fargo & Co. NYSE: WFC and Morgan Stanley NYSE: MS traded low
U.S.-listed exchange-traded funds that buy bank stocks fell on Tuesday, after Moody's Investors Service late said it put a handful of major U.S. banks on review for a possible downgrade and lowered de
Moody's Investors Service lowered the ratings for 10 banks, including US Bancorp, Bank of New York Mellon, State Street, and Truist Financial.
Ratings agency Moody's said the U.S. banking sector is still strong even after it downgraded several small to mid-sized lenders and warned it might cut the ratings of several major banks.
Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.
Moody's Investors Services may downgrade its credit ratings on six major U.S. banks, including U.S. Bancorp, State Street Corp., and Bank of New York Mellon Corp., and has downgraded its debt ratings
The S&P 500 rose 0.2% on Wednesday, July 19, 2023 as the market rally continued to be fueled by solid earnings reports.
An increase in NII as well as growth in AUC and AUM balances supported Northern Trust's (NTRS) Q2 earnings. However, rising expenses and declining fee income are headwinds.
U.S. Bancorp beat consensus estimates. Northern Trust missed on earnings but beat on revenue.
The rally in U.S. equities continued at midday on July 19, 2023, buoyed by more strong earnings reports.
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