Investing.com - Northern Trust reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Northern Trust announced earnings per share of $1.86 on revenue of $1.78B. Analysts polled by Investing.com anticipated EPS of $1.93 on revenue of $1.76B.
Northern Trust shares are down 15% from the beginning of the year and are trading at $101.30 , down-from-52-week-high.They are outperforming the Nasdaq which is down 25.13% year to date.
Northern Trust shares gained 0.08% in pre-market trade the report.
Northern Trust follows other major Financial sector earnings this month
Northern Trust's report follows an earnings missed by JPMorgan on Thursday, July 14, 2022, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.89 on revenue of $31.81B.
Bank of America had missed expectations on Monday with second quarter EPS of $0.73 on revenue of $22.69B, compared to forecast for EPS of $0.7485 on revenue of $22.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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