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 http://www.stockcall.com/registration 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 http://www.StockCall.com/NTRS022713.pdf 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 http://www.StockCall.com/USB022713.pdf 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. About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com Contact: Contact Person: William T. Knight, Email: email@example.com, Contact Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)
StockCall Scans U.S. Bancorp and Northern Trust Corp.: Regional Banks Provide Healthy Returns
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