FORGOTTEN HISTORY: What to expect from northern trust s next quarterly earnings report - Caught on Camera

With a market cap of $18.1 billion, Chicago-based Northern Trust Corporation (NTRS) is a leading financial holding company specializing in wealth management, asset servicing, and banking solutions globally. The asset management titan is expected to announce its fiscal Q3 earnings results before the market opens on Wednesday, Oct. 23.

Ahead of the event, analysts are expecting NTRS to report a profit of $1.71 per share, up 14.8% from $1.49 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on one other occasion. Northern Trust surpassed the consensus EPS estimate by 1.7% in the most recent quarter, aided by a rise in net interest income (NII) driven by higher interest rates and an improvement in credit quality.