Northern Trust earnings expected to rise 19%

Posted Jan 11th 2008 5:03PM by Peter Cohan
Filed under: Earnings Reports, Forecasts

For more earnings forecasts, see Peter Cohan's Earnings expectations for 10 banks tell a mixed story.

Thomson Financial expects Northern Trust (NASDAQ: NTRS) to earn $0.92 when it announces its fourth quarter earnings on January 16th. That's 19% above the same period in 2006 when it earned $0.77.

Northern Trust is a Chicago-based bank whose business units include: Corporate and Institutional Services (C&IS) and Personal Financial Services (PFS). In the last year, its revenues were $2.6 billion and its net income totaled $773 million. Its stock has risen 22% in the last year, and it trades at a P/E of 21.6.

Northern Trust regularly beats estimates. In the second quarter of 2007, Northern Trust beat forecasts by 4.6%, and in the third quarter it beat by 6.9%. My hunch is that Northern Trust will again beat expectations.

Peter Cohan is president of Peter S. Cohan & Associates. He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in Northern Trust securities.

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