StockCall Scans U.S. Bancorp and Northern Trust Corp.: Regional Banks Provide Healthy Returns

StockCall Scans U.S. Bancorp and Northern Trust Corp.: Regional Banks Provide
                               Healthy Returns

  PR Newswire

  LONDON, February 27, 2013

LONDON, February 27, 2013 /PRNewswire/ --

Financial sector is looking up and the banking stocks are set to provide value
to their investors. Northern Trust Corporation (NASDAQ: NTRS) reported
better-than-expected quarterly numbers. The stock is expected to perform well
on the back of its strong results. The banking companies are also benefitting
from the improvement in general economic sector, resulting in lower loss
provisions. U.S. Bancorp (NYSE: USB) also announced record results, providing
a positive catalyst to its stock. Overall, the banking space is poised to grow
well in the near future and the stocks in this industry are likely to follow
the suit. StockCall has taken an interest in these companies and you can now
sign up to download the free technical research on U.S. Bancorp and Northern
Trust at 

Northern Trust Corporation Pays Dividend

Northern Trust's stock recently created is new 52-week high. The banking
company reported 29 percent higher net income for its fourth quarter. Its EPS
stood at 69 cents per share, up from 53 cents per share it had earned for the
corresponding quarter of the last year. Its income jumped up on account of
higher fees collected from clients. Northern Trust Corporation also reported
1.5 percent increase in its revenue to $969.7 million. The banking company
also announced 30 cents per share in dividend, payable on April 1 ^st .
Register to download the free technical analysis on Northern Trust Corp. at 

Northern Trust grew 20 percent in the past 52 weeks and it offers 2.29 percent
dividend yield. The stock is currently in a bullish mode and up 5 percent so
far this year. The run is likely to continue with the growing deposits and
higher fee revenue for the banking company.

The regional bank recently inked a new deal with Bridgewater Associates for
extending hedge fund servicing function. The bank will provide middle office
and back officer services. The deal will help Northern Trust Corp. in
enhancing its product portfolio and to generate additional revenue stream. The
company is also restructuring its business operations as it made a number of
high profile changes in its management team. The stock is expected to react
positively to the news.

U.S. Bancorp Reports Higher Quarterly Income

U.S. Bancorp collaborated with SunPower to extend financing for residential
solar lease projects. The companies expect two to three thousand households to
take advantage of this program. The scope of the project is pegged at $100
million worth of financing. The banking company announced its fourth quarter
results and maintained the positive streak. It earned $1.42 billion in net
income, slightly lower than $1.47 billion it had earned in the previous
quarter. For its full year, the net income stood at $5.6 billion, up 15.9
percent from the previous year income. U.S. Bancorp attributed its good
results to the increase in net income revenue and lower costs. Sign up today
to read the free research report on U.S. Bancorp at 

U.S. Bancorp also reported 6.4 percent increase in loan portfolio, whereas its
deposits increased 9.2 percent on aYear-over-Year basis. The company also
improved its credit quality. However, the banking company saw five basis
points erosion in its net interest margin. The stock is up 6 percent so far in
2013, while it grew 18 percent the past 52 weeks. U.S. Bancorp also offers
2.31 percent dividend. Overall, the stock is a good pick for long-term value
investor. It may also appeal to income investors.

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