BUZZ-Northern Trust falls after Q2 profit misses estimates
Reuters · 07/17 14:58
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** Shares of asset and wealth manager Northern Trust NTRS.O fall as much as 8.5%, last down 4.8% at $86.39
** On an adjusted basis, NTRS earned $1.78/shr in the three months ended June 30 vs analysts' avg. estimates of $1.91/shr - LSEG data
** Operating revenue of $1.86 bln also missed expectations of $2.06 bln
** Barclays analysts say worse-than-anticipated fees and expenses more than offset better-than-expected interest income
** I session moves, NTRS shares up 3% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
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