Northern Trust Q1 Earnings Call Highlights
Chief Financial Officer Dave Fox reported net income of $526 million and EPS of $2.71. Return on average common equity was 17.4%, which O’Grady noted was “at the higher end of our new medium-term target range.” Fox also said the company returned $510 million to common shareholders during the quarter—$151 million in dividends and $359 million in share repurchases—representing a 100% payout ratio. O’Grady said buybacks helped drive a 5% reduction in share count versus the prior year.O’Grady said first-quarter ...