Categories AlphaGraphs, Earnings, Finance
Infographic: Northern Trust (NTRS) Q1 2020 Earnings Results
Northern Trust Corporation (NASDAQ: NTRS) reported its financial results for the quarter ended March 31, 2020 today.
Northern Trust posted a 4% rise in earnings for the first quarter of 2020 helped by higher revenue. The results reflected the momentum it carried coming into the year, with the quarter’s performance only partially impacted by the pandemic. Assets under custody/administration remained flat from last year while assets under management fell by 4%.
Net interest income declined by 3% due to lower short-term interest rates while non-interest income jumped by 35% on higher client volumes and increased market volatility. The company said the turbulent times such as these show the importance of a strong capital base and liquidity profile to continue to support the activities of its clients.
Most Popular
KB Home (KBH): What did and did not work for the homebuilder in the third quarter
Shares of KB Home (NYSE: KBH) were up slightly on Friday. The stock has dropped 40% year-to-date and 35% over the past 12 months. The company delivered mixed results for
Infographic: A snapshot of Costco’s (COST) Q4 2022 earnings
Warehouse behemoth Costco Wholesale Corporation (NASDAQ: COST) has reported a 15% increase in fourth-quarter 2022 revenues, which translated into double-digit growth in net income. Fourth-quarter revenues increased sharply to $72.09 billion.
FDX Earnings: FedEx Q1 adjusted earnings drop; revenue up 5%
Cargo giant FedEx Corporation (NYSE: FDX) Thursday reported a decline in first-quarter adjusted earnings, despite an increase in revenues. The company also provided guidance for fiscal 2023. Net income, adjusted
