Staying Informed

Fitch: Northern Trust's Core 3Q'13 Earnings Lower Modestly

CHICAGO--(BUSINESS WIRE)--Northern Trust Corporation (NTRS) reported third quarter 2013 (3Q'13) earnings of $206.5 million equating to a 10.6% return on average equity. Earnings were aided by a $33 million pre-tax gain on the sale of NTRS' office building in Miami, FL. Excluding this one-time gain, NTRS' 3Q'13 return on equity (ROE) would have been 9.6%, down from 10% in the sequential quarter ...

 

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