Edition:
United Kingdom

Northern Trust Corporation reports third quarter net income of $298.4 million


Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Northern Trust Corp :Northern Trust Corporation reports third quarter net income of $298.4 million, earnings per common share of $1.20.Q3 earnings per share $1.20.Q3 earnings per share view $1.12 -- Thomson Reuters I/B/E/S.Northern Trust Corp qtrly return on average common equity was ‍12.2%​ versus 11.6% in Q2.Northern Trust Corp - total assets under management at quarter-end $‍1,125.1​ billion versus $1,028.8 billion at Q2-end.Northern Trust Corp - qtrly net interest income on FTE basis $ 366.2 million versus $310.1 million.Northern Trust Corp qtrly ‍total revenue on FTE basis was $1,357.2 million versus $1,220.7 million​.Q3 revenue view $1.34 billion -- Thomson Reuters I/B/E/S.Northern Trust Corp - quarter end advanced approach common equity tier 1 ratio 13.3 percent versus 13.2 percent at Q2 end.Northern Trust - ‍with 'value for spend' initiative, plan to reduce expense run-rate by approximately $250 million by 2020​.