Northern Trust reported third-quarter net income of $642.9 million, up 40% year over year, driven by fee growth across all three business segments and a 14% rise in net interest income to $679.1 million. Assets under custody and administration reached $19.9 trillion, up 9%, and assets under management hit $1.96 trillion, up 11%. The company returned $514.2 million to shareholders in the quarter, including $352.3 million in buybacks and $161.9 million in dividends, with a Common Equity Tier 1 ratio of 12.4%. Risks include a $5 million reserve build tied to one commercial loan charge-off, a 5% sequential decline in asset servicing deposits to $95.8 billion, and a money market fund repricing that cut revenue by $2 million per month. For the fourth quarter, management guided to 8% to 9% net interest income growth and 6% to 7% revenue growth.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on fool.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- 65 , 917 Bank of America Corporation $BAC Shares Bought by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC raised its Bank of America (NYSE:BAC) stake by 3.3% in the 3rd quarter, buying 65,917 shares to hold 2,085,801 shares worth $113,530,000. The position is 0.3% of the fund's holdings and its 27th largest. Bank of America reported quarterly EPS of $1.08, missing the $1.10 consensus, and revenue of $29.96 billion against $30.58 billion expected. BAC opened at $50.59 on Wednesday with a $353.77 billion market cap, and MarketBeat's consensus rating is 'Moderate Buy' with a $62.82 target price. The bank recently paid a $0.32 quarterly dividend, a 2.5% yield.
- Techcombank sets record date for 50% stock dividend
Techcombank's Board has issued a resolution to issue over 3.54 billion shares as a 50% stock dividend, where every 100 shares receive 50 new shares. The final record date is October 30, 2026, funded by undistributed retained earnings in the audited 2025 financial statements. Shareholders approved the plan with about 69.94% of votes in favor, and the State Bank of Vietnam approved a charter capital increase of up to VND 35,730.97 billion, including ESOP shares. After the dividend, the bank will offer nearly 29.97 million shares to employees at VND 10,000 each, with a one-year transfer restriction; completing both steps would bring charter capital to about VND 106,593 billion. In the first half of 2026, pre-tax profit reached VND 18,540 billion, up 22.5% year on year.
- Home Bancshares: 3 Key Takeaways for Long-Term Investors
On its third-quarter 2026 earnings call on October 15, 2026, Home Bancshares (HOMB) reported record net income of $129.1 million. Management said avoiding large purchases of long-term securities when rates were low helped the bank avoid the balance sheet losses hit by peers, and lifted the net interest margin to 4.53% in the quarter. The company raised its quarterly dividend 9.5% to $0.23 per share and repurchased 3.3 million shares for $94.4 million over the first three quarters of 2026. Management said it prioritizes asset quality over loan growth, refusing to lower credit standards or offer irrational pricing, and reported an efficiency ratio of 40.84%. Back-office integration for the Mountain Commerce acquisition is expected to be completed in the fourth quarter of 2026.
- Is Citigroup Stock a Buy 13% Below Its 52-Week High?
Citigroup posted strong third-quarter 2026 results, with revenue of US$23.8b (up 8%, its highest third-quarter revenue in a decade) and net income up 37% to US$5.2b. EPS of US$2.85 beat estimates of US$2.65, and adjusted EPS excluding a goodwill impairment was US$2.24, up 20%, helped by expenses rising just 3%. Despite this, shares fell almost 5% after the October 13 release to US$126, about 13% below their US$145 52-week closing high. The article cites a CET1 ratio of 12.8%, a dividend of US$0.67 per share (2.18% yield) and a 24% payout ratio as support for the dividend, and notes the stock trades at 10 times forward earnings. The author is skeptical of the 25% upside implied by the median analyst target of US$154, but says Citigroup may be a decent option for dividend investors among large banks.
- Is JPMorgan Chase Stock a Buy 8 % Below Its Record High ?
JPMorgan Chase (JPM) traded at $335.53 on Oct. 15, 8% below its record close of $365.18 on Aug. 12, 2026. Third-quarter net revenue rose 8% to $50.2 billion and diluted EPS rose 10% to $5.57, but both missed analyst expectations, the first earnings miss since second-quarter 2022. Equities revenue surged 49%, average loans rose 10% and average deposits rose 8%, and management raised full-year net interest income guidance by $700 million to $97.2 billion. The stock trades at a price-to-book ratio of 2.5, a premium to Bank of America, Wells Fargo and Citigroup, but its 20% return on tangible common equity is significantly higher and it offers a dividend yield of nearly 2%. The author believes the valuation may be justified, though the stock is not a bargain.
- Is JPMorgan Chase Stock a Buy 8 % Below Its Record High ?
JPMorgan Chase shares traded at $335.53 as of Oct. 15, 8% below their record close of $365.18 on Aug. 12, 2026. In the third quarter, net revenue rose 8% year over year to $50.2 billion and diluted EPS rose 10% to $5.57, but both fell short of Wall Street expectations, the first bottom-line miss since the second quarter of 2022. Equities markets revenue jumped 49%, average loans rose 10% and average deposits rose 8%, and management raised its full-year net interest margin guidance (excluding markets) by $700 million to $97.2 billion. The article notes a price-to-book ratio of 2.5, a premium to peers Bank of America, Wells Fargo and Citigroup, though the bank’s 20% return on tangible common equity is higher than theirs. It also cites a dividend yield of nearly 2%.
Related markets
Latest news
- Meta’s (NASDAQ:META) Q3 2026 sales top estimates, quarterly revenue guidance slightly exceeds expectations
Meta Platforms (NASDAQ: META) reported Q3 revenue of $64.6 billion, up 26.1% year on year and about 2% above estimates. Revenue guidance for the Q4 midpoint is $74.5 billion, 1.2% above analyst expectations. GAAP EPS of $3.83 was 29.9% below consensus, due to a $9.89 billion charge tied to an agreement with 52 attorneys general to resolve teen mental health litigation, with payments of up to about $18.59 billion; excluding it, EPS would have been $7.40. Operating margin fell to 20.1% from 40.1%, and free cash flow was -$2.12 billion. Daily active people reached 3.64 billion, up 100 million year on year.
- A SpaceX-Tesla megamerger could benefit both companies and Elon Musk's personal fortune
SpaceX shares rose 8% and Tesla 3.5% after Elon Musk said each company had formed special committees to discuss a possible combination. At current market values, the merged company would be worth about $3.5 trillion, the largest deal ever, and Musk argues it makes sense because both businesses rely heavily on artificial intelligence. Musk owns 11% of SpaceX and 19% of Tesla, and a change-in-control provision in Tesla's pay plan could treat many performance targets as met in a merger, which would make him richer. Although the shares are very expensive by most measures, most analysts still call them a bargain, and many work for banks hoping to win Musk's business. Democrats have called for investigations into SpaceX's federal contracts and could scuttle plans if they win big in next month's midterm elections.
- Netflix Is Down 38% Since Completing Its 10-For-1 Stock Split. Here's Why the Sell-Off Is Worsening After Its Latest Earnings.
Netflix shares are down 37.9% since the 10-for-1 stock split was completed on November 17, 2025, as of the October 20 close. After its third-quarter 2026 report, the stock fell 5.9% to $64.62 in after-hours trading, which would mark a new two-year low. Revenue rose 11.8% year over year, and operating margin widened from 28.2% to 34.6%, but the company now expects $2.7 billion in full-year ad revenue, down from $3 billion, due to a slower rollout of ad product capabilities. Its 2026 revenue forecast of $51.1 billion sits 0.2% below the prior midpoint, and the article also points to competition from YouTube, a third price increase in under three years, and a valuation of 17 times 2027 earnings. Netflix ended the quarter with $8.19 billion in cash against $12.66 billion in long-term debt.
- Where Will Novo Stock Be in 10 Years?
Novo, a Denmark-based pharmaceutical company, reached an all-time high in 2024 but has since faced clinical and commercial setbacks and lost substantial market value over the past two years. Its diabetes products, including Ozempic and Rybelsus, and its obesity drug Wegovy remain core, but U.S. patents on the active ingredient in these drugs expire in 2032, potentially opening the door to cheaper generics. Near-term catalysts include CagriSema, which could be approved by year-end and combines semaglutide with cagrilintide, though it fell short of the 25% mean weight loss Novo had hoped for. The pipeline also includes amycretin, UBT251, and several oral weight loss candidates. The author sees the pipeline as deep but warns of rising competition from dozens of weight-loss drugs, slower market growth, and possible U.S. drug price negotiations.
- NextEra Energy ( NEE ) Q3 2026 Earnings Call Transcript
NextEra Energy reported third-quarter adjusted earnings per share of $1.24, up 9.7% year over year. Florida Power & Light's net income reached $1.62 billion, versus $1.463 billion a year earlier, while adjusted earnings at NextEra Energy Resources rose 13% to $1.247 billion. The renewables and storage backlog reached 36.7 gigawatts, and FPL raised its large load target to 8 gigawatts by 2032. Shareholders have approved the pending combination with Dominion Energy, with state regulatory reviews expected to conclude in early 2027. Management maintained its 2026 adjusted earnings guidance and is targeting the high end of the range, even though wind generation in Q4 is projected to fall to 90% to 95% of the long-term average due to El Niño.
- Amazon logistics automation offers long-term margin gains, Jefferies says
Jefferies says Amazon's warehouse automation and expanding logistics network could lift retail margins long term by reducing labour dependence. Amazon has deployed over 1 million robots, but only 40% to 45% of its US small-sortable fulfillment centers are highly automated, leaving room for growth. A US$1 hourly wage rise would add about US$1.1 billion to costs, and Amazon has around US$27 billion of visible capex planned for automation and delivery. Jefferies sees third-party parcel delivery as a growth area, with US delivery stations possibly growing from about 575 to 950 by 2030 and early trials showing 20% to 25% savings for shippers. Grocery is harder given US$10 to US$12 delivery cost per order, though the broker sees potential in Amazon's planned Illinois hybrid retail concept expected in 2028.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.