Advertisement
Canada markets close in 3 hours 10 minutes
  • S&P/TSX

    22,172.52
    +65.44 (+0.30%)
     
  • S&P 500

    5,250.68
    +2.19 (+0.04%)
     
  • DOW

    39,762.20
    +2.12 (+0.01%)
     
  • CAD/USD

    0.7392
    +0.0020 (+0.27%)
     
  • CRUDE OIL

    82.81
    +1.46 (+1.79%)
     
  • Bitcoin CAD

    95,826.59
    +2,400.24 (+2.57%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,245.30
    +32.60 (+1.47%)
     
  • RUSSELL 2000

    2,131.16
    +16.81 (+0.80%)
     
  • 10-Yr Bond

    4.1940
    -0.0020 (-0.05%)
     
  • NASDAQ

    16,381.93
    -17.59 (-0.11%)
     
  • VOLATILITY

    12.96
    +0.18 (+1.41%)
     
  • FTSE

    7,959.93
    +27.95 (+0.35%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6840
    +0.0035 (+0.51%)
     

Why Shares of Northern Trust Are Falling Today

Why Shares of Northern Trust Are Falling Today

Shares of the investment management and custodian bank Northern Trust (NASDAQ: NTRS) traded roughly 8.5% lower as of 10:36 a.m. ET today after the bank reported earnings results for the first quarter of the year. In the quarter, the bank saw its largest revenue source -- trust, investment, and other servicing fees -- fall 9% year over year, although this line item was up 2% from the sequential quarter. Total assets under custody and administration rose 4% from the sequential quarter but were still down 9% year over year.