Barclays analyst Jason Goldberg maintains $Northern Trust (NTRS.US)$ with a hold rating, and adjusts the target price from $115 to $118.
According to TipRanks data, the analyst has a success rate of 63.5% and a total average return of 13.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Northern Trust (NTRS.US)$'s main analysts recently are as follows:
Instructiveness emerges from the viewpoint that bank stocks are poised for growth by 2025, driven by accelerating earnings that stem from increased loan growth, heightened capital markets activity, positive operating leverage, and share buybacks. An expansion in price-to-earnings multiples is anticipated, supported by a stable economic environment, reductions in regulation, enhanced returns, and ongoing mergers and acquisitions. It's suggested that large-cap banks may continue to surpass market performance into 2025 as their earnings growth picks up pace.
The assessment that the S&P 500's decrease by approximately 3% along with an increase in the 10-year UST yield by more than 15 basis points in late December contributed to lowered estimations for client asset levels at trust banks. Additionally, a rise in the 10-year yield diminishes the outlook for capital returns.
Note:
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