Keefe Bruyette & Woods cuts Northern Trust stock target to USD 170

Published on 10/20/2026 at 19:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 net income reached USD 792.20 million on July 22, 2026. Northern Trust stock costs EUR 146.80 on October 20, 2026 at 7:33 p.m. CEST.

Analyst target and earnings

Keefe Bruyette & Woods cut its Northern Trust target to USD 170.00 on October 8, 2026.
Second-quarter net income reached USD 792.20 million, compared with USD 421.30 million a year earlier.
Northern Trust stock costs EUR 146.80 at Lang & Schwarz on October 20, 2026 at 7:33 p.m. CEST.
Third-quarter results are scheduled for October 21, 2026, before the Nasdaq session opens.

Isometrische 3D-Illustration mit Tresor, Schild-Symbol und vernetzten Datenknoten — Northern Trust Corp. mit ISIN US6658591044 gezeigt als isometrische 3D-Illustration eines Custody-Verwahrungsprozesses, Illustration mit AI erstellt.

Northern Trust Corporation (ISIN US6658591044) faced a lower analyst target after MarketScreener reported on October 8, 2026 that Keefe Bruyette & Woods reduced its Northern Trust target from USD 175.00 to USD 170.00. That target stood 3.04 percent above the Nasdaq price of USD 164.99 on October 20, 2026 at 1:34 p.m. EDT. The stock was trading at EUR 146.80 at Lang & Schwarz on October 20, 2026 at 7:33 p.m. CEST.

Q2 profit included major one-off effects

Northern Trust reported second-quarter 2026 net income of USD 792.20 million and diluted earnings per share of USD 4.23. The comparable prior-year quarter produced USD 421.30 million of net income and USD 2.13 of diluted earnings per share, according to MarketWatch. The release also showed total revenue of USD 2.70 billion for the quarter, compared with USD 2.00 billion a year earlier.

The comparison needs qualification. Second-quarter results included a USD 525.40 million pretax gain tied to the Visa exchange offer, while securities losses and one-time expenses affected the same period. Net interest income reached USD 675.50 million, versus USD 610.50 million a year earlier.

Nasdaq range puts the price in context

On Nasdaq, Northern Trust traded between USD 121.53 and USD 195.78 over the latest 52-week period. The USD 164.99 quote was 15.72 percent below the 52-week high and 35.76 percent above the low. The same quote carried a market capitalization of USD 30.2 billion and a price-to-earnings ratio of 14.16.

Results date is the next test

Third-quarter 2026 results are scheduled for October 21, 2026, before the market opens, according to The Globe and Mail. The cited consensus calls for USD 2.86 in earnings per share and USD 2.26 billion in revenue. Those estimates would place earnings below the unusual second-quarter result while keeping revenue growth in double digits.

Peer valuation remains relevant

State Street traded at USD 166.81 on October 20, 2026 at 1:35 p.m. EDT, up 0.83 percent on the day, with a price-to-earnings ratio of 13.62 and a market capitalization of USD 45.8 billion. That comparison leaves Northern Trust with a higher multiple but a smaller equity value, while the upcoming results provide the next company-specific measure of operating performance.

Target cut meets earnings date

The analyst action and the reporting date frame the stock's next decision point. Northern Trust's second-quarter figures were elevated by a discrete gain, so the third-quarter revenue and earnings figures will show how much of the earlier strength carried into ordinary operations.

The further course of trading is shown by the continuously updated real-time quote of Northern Trust stock.