Northern Trust Misses Estimates; Stocks Falls (NTRS)

Shares of Northern Trust NTRS are lower on Wednesday after the company reported disappointing earnings. Northern Trust reported earnings per share of $0.64 compared to consensus estimates of $0.71. The company attributed the results to a low interest rate environment. During Wednesday's trading session, NTRS shares have fallen 5% and are currently sitting at their lows of the day. Around 2.5 million shares have already changed hands compared to a daily average volume of 1.6 million.