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Valued at a market cap of $20.4 billion, Northern Trust Corporation (NTRS) is a financial holding company that provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals. The Chicago, Illinois-based company is expected to announce its fiscal Q4 earnings results before the market opens on Thursday, Jan. 23.
Ahead of this event, analysts expect the asset management company to report a profit of $1.97 per share, up 34.9% from $1.46 per share in the year-ago quarter. Moreover, the company has a solid track record of consistently beating Wall Street's bottom-line estimates in the last four quarters. Its adjusted earnings of $1.96 per share in the previous quarter outpaced the forecasted figure by a significant margin of 13.3%
