Northern Trust Earnings Up In Q3

(RTTNews) - Northern Trust Corp. (NTRS), a financial services company, on Wednesday reported higher net income in the third quarter compared with the previous year.

For the third quarter, net income applicable to common stock increased to $626.7 million from $441.4 million in the previous year.

Earnings per share were $3.40 versus $2.29 last year.

Net interest income surged to $671.4 million from $590.8 million in the same period a year ago.

Noninterest income increased to $1.62 billion from $1.43 billion in the previous year.

On Tuesday, Northern Trust closed trading 0.60% higher at $165.44 on the Nasdaq.