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Wells Fargo Stick to Their Buy Rating for Northern

Published 10/07/2021, 08:48 AM
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Wells Fargo (NYSE:WFC) analyst Mike Mayo maintained a Buy rating on Northern on Monday, setting a price target of $125, which is approximately 12.38% above the present share price of $111.23.

Mayo expects Northern to post earnings per share (EPS) of $1.73 for the fourth quarter of 2021.

The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Northern, with an average price target of $122.67.
The analysts price targets range from a high of $146 to a low of $108.

In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.36 billion and a net profit of $0. The company's market cap is $23.18 billion.

According to TipRanks.com, Wells Fargo analyst Mike Mayo is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.8% and a 68.10% success rate.

Northern Trust Corp (NASDAQ:NTRS). is a financial holding company, which engages in the provision of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals. It operates through the following segments: Corporate & Institutional Services and Wealth Management. The Corporate & Institutional Services Segment offers asset servicing, brokerage, banking and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, and sovereign wealth funds. The Wealth Management Segment includes trust, investment management, custody, and philanthropic services, financial consulting; guardianship and estate administration, family business consulting; family financial education, brokerage services and private and business banking. Northern Trust was founded in 1971 and is headquartered in Chicago, IL.

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