Northern Trust Corporation (NTRS) earnings on July 22, 2026

Before the market opens Q2 2026

More Northern Trust Corporation earnings

Prior outlook: Optimistic Outcome: Missed

Northern Trust shares fell 3.5% after earnings missed profit forecasts, even though sales beat expectations.

NTRS price around the earnings

178.66

Change: -3.5%

2026-07-22, 20:00 UTC

End of the measured window
177.49 180.25 183.01 185.77 185.06
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 22, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Missed

Thesis published
Results released

Strong historical beats and positive growth, but analysts project slight downside into earnings.

Context analyzed before publication

Trend
Volatile trajectory, swinging from negative to positive, ending with moderate positive trend strength into earnings.

Analysts

Evidence

Analyst consensus
Hold
Consensus average (1-5)
2.93
Analysts covering the stock
13
Average price target
179.35
Lowest price target
145
Highest price target
200
Upside to price target
-3.1%
Quarterly earnings growth
34.1%
Revenue growth
13.9%
Forward EPS
12.35
Trailing EPS
9.66
Analyst moves in the last 60 days
8
  • Strong buy: 1
  • Buy: 2
  • Hold: 9
  • Sell: 1
  • Strong sell: 2
Strong buy
1
Buy
2
Hold
9
Sell
1
Strong sell
2
  • July 9, 2026 · Keefe, Bruyette & Woods: Maintains rating (Underperform → Underperform)
  • July 7, 2026 · B of A Securities: Maintains rating (Buy → Buy)
  • July 6, 2026 · Evercore ISI Group: Maintains rating (In-Line → In-Line)
  • July 6, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
  • June 30, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
  • June 29, 2026 · Morgan Stanley: Maintains rating (Underweight → Underweight)
  • June 26, 2026 · Truist Securities: Maintains rating (Hold → Hold)
  • June 24, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (9)

Technicals

Evidence

Average true range (ATR)
2.1%
Distance to 52-week high
-3.2%
14-day change (14d)
+2.1%
30-day change (33d)
+7.5%
30-day relative strength
+7.3%
SPY change (33d)
+0.2%
Nearest support
184.97
Nearest resistance
185.88
Volume accumulation ratio (14d / 46d)
1.07

Trends

Evidence

Average earnings surprise
+6.1%
  • April 21, 2026: actual EPS 2.71 vs estimate 2.33 (surprise +16.1%)
  • January 22, 2026: actual EPS 2.42 vs estimate 2.37 (surprise +2.0%)
  • October 22, 2025: actual EPS 2.29 vs estimate 2.24 (surprise +2.2%)
  • July 23, 2025: actual EPS 2.13 vs estimate 2.04 (surprise +4.3%)

Expected move

There is no implied-move data available for this event.

Reactions over its last 19 earnings

Median move
4.9%
75th percentile move
7.5%
90th percentile move
9.2%
Up / down moves
8 / 11
Average up move
+5.6%
Average down move
-5.3%

Monitoring and close

What Northern Trust Corporation reported

Status
Finished
Actual EPS4.23
EPS estimate4.58
EPS surprise-7.6%
Revenue$2,698 million
Revenue estimate$2,417 million
Revenue surprise+11.6%

Northern Trust beats Q2 2026 estimates with $2.698B revenue and $2.97 EPS. Raises dividend and full-year outlook. Shares mixed.

Sources (17)

Pre-market second reading after the results

Verdict
Missed expectations

Heading into the open, the figures don't clearly confirm the prior scenario.

How the stock reacted

Outcome
Missed
Consolidated
-3.5%
Max favorable move (MFE)
0%
Max adverse move (MAE)
4.2%