-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
NTRS delivered Q1 2026 EPS of $2.71, up 43% Y/Y, though revenue of $2.21B (up 14% Y/Y) was weaker than expected. Net interest income rose 15% Y/Y to $662M, benefiting from higher deposits and lower funding costs, while noninterest expenses increased only 6% Y/Y, demonstrating disciplined expense management. We believe NTRS's strong NII growth and operating leverage position the bank well as a methodical asset management and custody leader. Management expected to reaffirm its 13%-15% ROE target range and expect mid-single digit NII growth. Assets under custody/administration grew to $18.6T (up 10% Y/Y) and assets under management reached $1.8T (up 11% Y/Y), due to favorable market conditions and net new business. The board authorized a 7% dividend hike following strong capital ratios, with CET1 at 12.0% under the standard approach. We expect elevated equity markets and greater wealth accumulation to benefit NTRS as a premier private bank for high net worth individuals. More details after investor call.