Northern Trust Corp. Profit Drops 3% In Q2

(RTTNews) - Northern Trust Corp. (NTRS) revealed earnings for second quarter that decreased compared to the same period last year.

The company said its profit dropped to $254.9 million, or $1.09 per share. This was lower than $263.4 million, or $1.10 per share, in last year's second quarter.

The company said revenue for the quarter rose 4.8% to $1.32 billion. This was up from $1.26 billion last year.

Northern Trust Corp. earnings at a glance:

-Earnings (Q2): $254.9 Mln. vs. $263.4 Mln. last year. -Earnings Decline (Y-o-Y): -3.2% -EPS (Q2): $1.09 vs. $1.10 last year. -EPS Decline (Y-o-Y): -0.9% -Revenue (Q2): $1.32 Bln vs. $1.26 Bln last year. -Revenue Change (Y-o-Y): 4.8%