Morgan Stanley analyst Betsy Graseck maintains $Northern Trust (NTRS.US)$ with a hold rating, and adjusts the target price from $127 to $125.
According to TipRanks data, the analyst has a success rate of 48.2% and a total average return of 3.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Northern Trust (NTRS.US)$'s main analysts recently are as follows:
The S&P 500's 3% drop and the over 15 basis points increase in the 10-year U.S. Treasury yield during the latter half of December has led to revised lower estimates for client asset levels at trust banks, pointing to a diminished capital return outlook due to the higher 10-year yield.
Equity markets experienced a roughly 2% decline in December, perceived as a breather post-election, primarily influenced by reassessments about the likelihood of imminent rate cuts. Moreover, a continuation of subdued activity levels in investment banking from November into December followed a relatively strong performance in the earlier months of September and October. Despite the December slowdown, there is an anticipation of a vigorous start to 2025, driven by the general sentiment that improvements in investment banking are inevitable.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
