Latest development3 months ago
Wall Street Eyes Q2 Results for Regional Banks and Financial Services
Analysts evaluate Lazard and Principal Financial as markets focus on performance metrics beyond revenue for US regional lenders.
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US regional banks, including Northern Trust and Banc of California, are expected to see earnings growth in their Q2 reports. Northern Trust shows indicators of a likely earnings beat with expectations of double-digit revenue growth reaching $2.35 billion. The bank is projected to report quarterly earnings of $3.45 per share as it heads into its official results.
Analysts evaluate Lazard and Principal Financial as markets focus on performance metrics beyond revenue for US regional lenders.
Read the full storyInvestors focus on Northern Trust's fee income performance as a strategic turnaround recently pushed the stock to all-time highs.
Analysts forecast earnings growth for Northern Trust and Banc of California, with several regional lenders showing signals of a potential quarterly beat.