Northern Trust (NTRS) Rides on Organic Growth Amid High Costs
Northern Trust(NTRS) ZACKS·2024-08-07 22:02
Northern Trust Corp. (NTRS) is well-poised for revenue growth on the back of steady loan demand. The company's capital distribution activities are backed by a strong liquidity profile. However, rising expenses and the current challenging macroeconomic environment are worrisome. Northern Trust's key strength lies in its organic growth, which is evident in its revenue and loan growth narrative. Revenues witnessed a CAGR of 3.5% over the last three years (2020-2023), driven by rising noninterest income and net ...