What Happened?

Shares of financial services company Northern Trust (NASDAQ: NTRS) fell 1.8% in the morning session after it reported third-quarter results that met revenue expectations but failed to impress investors. 

The company's revenue of $2.03 billion was in line with Wall Street estimates, and its earnings per share of $2.29 beat forecasts by 2.2%. Additionally, Assets Under Management (AUM), which represents the client capital under its stewardship, grew 9.3% year-on-year to $1.77 trillion, also surpassing expectations. However, the market's negative reaction indicated that these results, while solid, were not strong enough for investors who may have been hoping for a more substantial outperformance to signal accelerating momentum.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Northern Trust? Access our full analysis report here.

What Is The Market Telling Us

Northern Trust’s shares are not very volatile and have only had 8 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

Northern Trust is up 22.7% since the beginning of the year, and at $126.40 per share, it is trading close to its 52-week high of $134.60 from September 2025. Investors who bought $1,000 worth of Northern Trust’s shares 5 years ago would now be looking at an investment worth $1,474.

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