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Northern Trust (NASDAQ: NTRS) reported a rise in its fourth-quarter profit.

Northern Trust's quarterly profit surged to $167.7 million, or $0.69 per share, versus $130.2 million, or $0.53 per share, in the year-earlier period.

Its consolidated revenue climbed 1% to $969.7 million. However, analysts were expecting earnings of $0.75 per share on revenue of $986 million.

Northern Trust shares closed at $52.81 yesterday.

Posted-In: profitEarnings News

 

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