JP Morgan Maintains Neutral Rating On Northern Trust Corporation (NTRS)

Analysts at JP Morgan have released an update on Northern Trust Corporation NTRS. During its investor day, Northern Trust discussed near and long term earnings growth drivers. In the near-term, earnings growth should benefit from turmoil in Europe in F/X trading revenues and to some extent in securities lending, given an increase in the LIBOR-Fed funds spread. Longer-term, earnings growth is expected to come from secular growth trend. The company also highlighted potential risks and uncertainties from financial reform. Analysts at JP Morgan have maintained their Neutral rating and $56 price target for Northern Trust Corporation.