BUZZ - Northern Trust's stock rises due to better-than-expected third quarter results

October 21 - ** Northern Trust (NTRS.O) shares rose 1.1% to $167.50

** The asset and wealth management company’s third-quarter earnings per share increased to $3.40 from $2.29 a year earlier

** Third-quarter revenue grew 13% year-on-year to $2.30 billion

** Net interest income rose 14% year-on-year to $747.2 million

** NTRS delivered “solid core results,” but this was mainly due to lower-than-expected tax rates — TD Cowen

** Of the 17 brokerages covering the stock, 2 rated it “buy” or higher, 11 rated it “hold,” and 2 rated it “sell” or lower; the median target price is $185 — data compiled by LSEG

** Since mid-September, the share price has remained below the 20-day moving average

** Including intraday fluctuations, NTRS shares are up about 22% year-to-date

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