Northern Trust just smashed revenue expectations with a 35% jump to $2.71 billion, fueled by a surge in assets under management hitting $1.97 trillion — both beating forecasts. But earnings per share fell short, landing at $4.23 versus analysts’ $4.60, missing by 8%. Despite its 137-year history, the firm is accelerating faster than its long-term trend, signaling renewed momentum in wealth management amid shifting markets.
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