Northern Trust Q1 Earnings Beat

Northern Trust posted Q1 adjusted EPS of $2.71, beating the $2.32 consensus by $0.39.
Revenue rose 14% YoY to $2.21 billion, exceeding the $2.12 billion estimate.
Net income jumped 34% YoY to $525.5 million, ROE improved to 17.4% from 13.0%.
Company returned $509.7 million to shareholders via $150.8 million dividends and $358.9 million buybacks; shares rose 2.5% pre‑market.