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%.

Northern Trust (NTRS) Q1 2020 earnings review

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

360 DigiTech (NASDAQ: QFIN) Q3 2021 Research Summary

The positive effects of widespread digitalization and e-commerce growth on China’s financial services industry became more pronounced during the pandemic as the movement restrictions drove more retail customers to online

Activision Blizzard (ATVI): Three reasons why this stock deserves to be on your radar

Shares of Activision Blizzard Inc. (NASDAQ: ATVI) were up 1.6% on Thursday. The stock has dropped 14% since the start of the year. The company has been in the news

IPO Alert: Here’s all you need to know about Remitly Global’s upcoming market debut

The emergence of technology-driven financial services is making people think beyond conventional banks when it comes to availing loans and transferring funds. In a move aimed at taking its business

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top