Northern Trust Corporation (NASDAQ: NTRS) reported second quarter 2020 earnings results.
Total revenue on a fully taxable equivalent remained relatively flat at $1.51 billion compared to the same period a year ago.
Net income fell 20% to $313.3 million while EPS declined 16% to $1.46.
Non-interest-related revenue grew 4% versus last year offsetting an 11% decline in net interest income reflecting the low interest rate environment.
Labor market conditions improved once again and jobless claims dropped to about 400,000 after rising last week, as economic activity picked up. Stocks rallied in the action-packed week and benchmark
In the first half of 2021, a record number of private companies entered stock markets in the US, marking a multifold increase from the same period of 2021. The IPO
Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results