On Tuesday, Shares of Northern Trust Corporation (NASDAQ:NTRS), gained 2.36% to $71.89.
Northern Trust Corporation, stated first quarter net income per diluted common share of $0.94, contrast to $0.75 in the first quarter of 2014 and $0.98 in the fourth quarter of 2014. Net income was $230.7 million, contrast to $181.4 million in the preceding year quarter and $244.0 million in the preceding quarter. Return on average common equity was 11.3%, contrast to 9.3% in the preceding year quarter and 11.5% in the preceding quarter.
Net income per common share was $0.94 in the first quarter of 2015, up from $0.75 in the first quarter of 2014. Net income was $230.7 million, contrast to $181.4 million in the preceding year quarter.
Revenue of $1.13 billion was up $94.0 million, or 9%, from $1.04 billion in the preceding year quarter. Noninterest income raised $79.1 million, or 10%, to $873.9 million from the preceding year quarter’s $794.8 million, primarily reflecting higher trust, investment and other servicing fees and foreign exchange trading income. Net interest income on a fully taxable equivalent (FTE) basis raised $12.4 million, or 5%, to $266.8 million contrast to $254.4 million in the preceding year quarter.
Trust, investment and other servicing fees were $727.5 million, up $48.0 million, or 7%, from $679.5 million in the preceding year quarter. The raise primarily reflected new business and higher equity markets, partially offset by the unfavorable influence of movements in foreign exchange rates.
Assets under custody and assets under administration are the primary drivers of our trust, investment and other servicing fees. The following table provides the assets under custody and assets under administration of Northern Trust’s Corporate & Institutional Services (C&IS) and Wealth Administration business units.
Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset administration, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Administration.
Shares of Masco Corporation (NYSE:MAS), gained 2.25% to $26.35, during its last trading session.
Masco Corporation declared that it will hold a conference call regarding 2015 first quarter results on Tuesday, April 28, 2015 at 8:00 a.m. ET. The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman. Participants in the call are asked to register five to ten minutes preceding to the planned start time by dialing (855) 226-2726 (855-22MASCO) and from outside the U.S. at (706) 679-3614. Please use the conference identification number 15309385.
The 2015 first quarter results and supplemental material, counting a presentation in PDF format, will be distributed at 7:00 a.m. ET on April 28, 2015 and will be accessible on the Company’s website at www.masco.com.
Masco Corporation manufactures, distributes, and installs home improvement and building products worldwide. The company’s Cabinets and Related Products segment provides cabinetry for kitchen, bath, storage, home office, and home entertainment applications; and kitchen countertops, and integrated bathroom vanity and countertop solutions.
At the end of Tuesday’s trade, Shares of Western Refining, Inc. (NYSE:WNR), gained 2.24% to $44.65.
Western Refining, declared its Board of Directors approved a $0.34 per share dividend for the second quarter of 2015, a 13% raise from the $0.30 per share dividend paid in the first quarter of 2015. The dividend will be paid on May 20, 2015, to shareholders of record at the close of market on May 5, 2015.
Western Refining, Inc. operates as an independent crude oil refiner and marketer of refined products. The company operates in four segments: Refining, NTI, WNRL, and Retail. The Refining segment owns and operates two refineries that process crude oil and other feed stocks primarily into gasoline, diesel fuel, jet fuel, and asphalt; and markets refined products to various customers, including wholesale distributors and retail chains.
Finally, Fifth Third Bancorp (NASDAQ:FITB), ended its last trade with 2.21% gain, and closed at $19.41.
Fifth Third Bancorp, stated first quarter 2015 net income of $382 million as compared to net income of $385 million in the fourth quarter of 2014 and $318 million in the first quarter of 2014. After preferred dividends, net income accessible to common shareholders was $367 million, or $0.44 per diluted share, in the first quarter of 2015, contrast with $362 million, or $0.43 per diluted share, in the fourth quarter of 2014, and $309 million, or $0.36 per diluted share, in the first quarter of 2014.
First quarter net income of $382 million, which reflected record investment advisory revenue and solid mortgage banking revenue growth, produced an ROA of 1.12% and ROE of 10.3%. These results comprised of the influence of the NII decline associated with the changes in our deposit advance product in the quarter.
Credit results were very good, resulting in net charge-offs of 41 bps for the quarter, with commercial loan net charge-offs of 29 bps and consumer loan net charge-offs of 59 bps. Total delinquencies also continued to be at very low levels and were highlighted by total non-performing assets, which were down 11 percent contrast with last quarter.
Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
