Subtext

Northern Trust Corporation NTRS

SectorFinancials
Transcripts69
Date range2007-10-17 – 2025-04-22
Calls charted69

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-17-8+0+8+172007 Q32009 Q42012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42007 Q3 · Overall: +2.02007 Q4 · Overall: +2.42008 Q1 · Overall: -0.12008 Q2 · Overall: +0.92008 Q3 · Overall: -6.32008 Q4 · Overall: -3.22009 Q1 · Overall: -1.92009 Q2 · Overall: +1.32009 Q3 · Overall: -2.92009 Q4 · Overall: -0.32010 Q1 · Overall: +1.92010 Q4 · Overall: +0.52011 Q1 · Overall: +1.72011 Q2 · Overall: +1.52011 Q3 · Overall: +1.02011 Q4 · Overall: +4.22012 Q1 · Overall: +6.62012 Q2 · Overall: +4.92012 Q3 · Overall: +2.12012 Q4 · Overall: +4.62013 Q1 · Overall: +2.12013 Q2 · Overall: +8.52013 Q3 · Overall: +6.32013 Q4 · Overall: +5.92014 Q1 · Overall: +6.12014 Q2 · Overall: +7.82014 Q3 · Overall: +2.82014 Q4 · Overall: -0.42015 Q1 · Overall: +1.52015 Q2 · Overall: +4.32015 Q3 · Overall: +3.32015 Q4 · Overall: +3.72016 Q1 · Overall: +5.62016 Q2 · Overall: +0.82016 Q3 · Overall: +0.22016 Q4 · Overall: +7.12017 Q1 · Overall: +5.92017 Q2 · Overall: +0.92017 Q3 · Overall: +5.02017 Q4 · Overall: +9.92018 Q1 · Overall: +6.82018 Q2 · Overall: +5.42018 Q3 · Overall: -2.02018 Q4 · Overall: +0.42019 Q1 · Overall: -2.42019 Q2 · Overall: +0.82019 Q3 · Overall: +3.22019 Q4 · Overall: +7.02020 Q1 · Overall: -2.32020 Q2 · Overall: -2.42020 Q3 · Overall: +3.92020 Q4 · Overall: +3.02021 Q1 · Overall: +7.52021 Q2 · Overall: +2.02021 Q3 · Overall: +4.72021 Q4 · Overall: +6.62022 Q1 · Overall: +3.42022 Q2 · Overall: +1.92022 Q3 · Overall: -5.92022 Q4 · Overall: +0.72023 Q1 · Overall: +4.42023 Q2 · Overall: +4.92023 Q3 · Overall: +3.52023 Q4 · Overall: +9.82024 Q1 · Overall: +8.22024 Q2 · Overall: +7.02024 Q3 · Overall: +13.02024 Q4 · Overall: +14.72025 Q1 · Overall: +8.2
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-46-23+0+23+462007 Q32009 Q42012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42007 Q3 · CEO: +8.82009 Q3 · CEO: +1.62011 Q1 · CEO: +0.02014 Q2 · CEO: +20.92017 Q3 · CEO: +10.42018 Q2 · CEO: +9.82018 Q4 · CEO: +12.22019 Q4 · CEO: +24.62020 Q1 · CEO: +5.92020 Q2 · CEO: +4.52020 Q3 · CEO: +4.02020 Q4 · CEO: +5.12021 Q1 · CEO: +12.32021 Q3 · CEO: +10.32021 Q4 · CEO: +26.42022 Q1 · CEO: +15.62022 Q2 · CEO: +13.92022 Q3 · CEO: +1.72022 Q4 · CEO: +4.02023 Q1 · CEO: +8.72023 Q2 · CEO: +18.82023 Q3 · CEO: +14.02023 Q4 · CEO: +15.82024 Q1 · CEO: +40.22024 Q2 · CEO: +21.62024 Q4 · CEO: +20.82025 Q1 · CEO: +13.12007 Q3 · CFO: +2.72007 Q4 · CFO: +6.02008 Q1 · CFO: +1.02008 Q2 · CFO: +3.82008 Q3 · CFO: -6.52008 Q4 · CFO: -0.62009 Q1 · CFO: -1.42009 Q2 · CFO: +2.12009 Q3 · CFO: -1.62009 Q4 · CFO: +2.32010 Q1 · CFO: +3.32010 Q4 · CFO: +4.22011 Q1 · CFO: +3.92011 Q2 · CFO: +3.72011 Q3 · CFO: -1.92011 Q4 · CFO: +7.62012 Q1 · CFO: +10.62012 Q2 · CFO: +5.32012 Q3 · CFO: +5.12012 Q4 · CFO: +6.02013 Q1 · CFO: +3.82013 Q2 · CFO: +10.92013 Q3 · CFO: +8.72013 Q4 · CFO: +8.82014 Q1 · CFO: +7.52014 Q2 · CFO: +8.92014 Q3 · CFO: +4.72014 Q4 · CFO: +2.62015 Q1 · CFO: +3.92015 Q2 · CFO: +6.92015 Q3 · CFO: +3.52015 Q4 · CFO: +6.52016 Q1 · CFO: +4.02016 Q2 · CFO: +1.62016 Q3 · CFO: +1.82016 Q4 · CFO: +8.52017 Q1 · CFO: +8.72017 Q2 · CFO: +2.12017 Q3 · CFO: +8.72017 Q4 · CFO: +11.92018 Q1 · CFO: +8.02018 Q2 · CFO: +7.22018 Q3 · CFO: -0.62018 Q4 · CFO: -2.02019 Q1 · CFO: +1.12019 Q2 · CFO: +2.32019 Q3 · CFO: +5.02019 Q4 · CFO: +0.42020 Q1 · CFO: -3.12020 Q2 · CFO: -5.42020 Q3 · CFO: +5.62020 Q4 · CFO: +0.42021 Q1 · CFO: +7.02021 Q2 · CFO: +4.12021 Q3 · CFO: +7.72021 Q4 · CFO: +6.52022 Q1 · CFO: +1.82022 Q2 · CFO: -0.62022 Q3 · CFO: -6.62022 Q4 · CFO: +2.02023 Q1 · CFO: +4.62023 Q2 · CFO: +3.52023 Q3 · CFO: +3.22023 Q4 · CFO: +5.92024 Q1 · CFO: +6.72024 Q2 · CFO: +8.72024 Q3 · CFO: +12.72024 Q4 · CFO: +7.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-29-15+0+15+292007 Q32009 Q42012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42007 Q3 · Prepared remarks: +3.92007 Q4 · Prepared remarks: +5.62008 Q1 · Prepared remarks: +0.12008 Q2 · Prepared remarks: +1.52008 Q3 · Prepared remarks: -10.42008 Q4 · Prepared remarks: -1.92009 Q1 · Prepared remarks: -1.62009 Q2 · Prepared remarks: -6.12009 Q3 · Prepared remarks: +0.02009 Q4 · Prepared remarks: +3.82010 Q1 · Prepared remarks: +0.72010 Q4 · Prepared remarks: +3.22011 Q1 · Prepared remarks: +1.82011 Q2 · Prepared remarks: +2.22011 Q3 · Prepared remarks: +0.92011 Q4 · Prepared remarks: +9.02012 Q1 · Prepared remarks: +5.22012 Q2 · Prepared remarks: +3.42012 Q3 · Prepared remarks: +1.32012 Q4 · Prepared remarks: +4.62013 Q1 · Prepared remarks: +5.32013 Q2 · Prepared remarks: +9.62013 Q3 · Prepared remarks: +9.82013 Q4 · Prepared remarks: +9.72014 Q1 · Prepared remarks: +3.32014 Q2 · Prepared remarks: +10.92014 Q3 · Prepared remarks: +6.72014 Q4 · Prepared remarks: +8.42015 Q1 · Prepared remarks: +8.32015 Q2 · Prepared remarks: +5.82015 Q3 · Prepared remarks: +3.52015 Q4 · Prepared remarks: +7.02016 Q1 · Prepared remarks: +2.02016 Q2 · Prepared remarks: -0.72016 Q3 · Prepared remarks: +1.42016 Q4 · Prepared remarks: +7.22017 Q1 · Prepared remarks: +7.82017 Q2 · Prepared remarks: +5.52017 Q3 · Prepared remarks: +8.52017 Q4 · Prepared remarks: +10.12018 Q1 · Prepared remarks: +8.12018 Q2 · Prepared remarks: +2.92018 Q3 · Prepared remarks: +2.12018 Q4 · Prepared remarks: -2.22019 Q1 · Prepared remarks: -3.92019 Q2 · Prepared remarks: +0.62019 Q3 · Prepared remarks: +1.82019 Q4 · Prepared remarks: +8.92020 Q1 · Prepared remarks: -7.02020 Q2 · Prepared remarks: -2.42020 Q3 · Prepared remarks: +2.32020 Q4 · Prepared remarks: +2.22021 Q1 · Prepared remarks: +4.82021 Q2 · Prepared remarks: +25.32021 Q3 · Prepared remarks: +6.82021 Q4 · Prepared remarks: +12.52022 Q1 · Prepared remarks: +2.42022 Q2 · Prepared remarks: -2.22022 Q3 · Prepared remarks: -14.22022 Q4 · Prepared remarks: -7.52023 Q1 · Prepared remarks: -0.42023 Q2 · Prepared remarks: +5.12023 Q3 · Prepared remarks: +4.52023 Q4 · Prepared remarks: +8.02024 Q1 · Prepared remarks: +13.62024 Q2 · Prepared remarks: +17.52024 Q3 · Prepared remarks: +18.72024 Q4 · Prepared remarks: +22.12025 Q1 · Prepared remarks: +14.92007 Q3 · Q&A responses: +0.52007 Q4 · Q&A responses: +5.72008 Q2 · Q&A responses: +1.72008 Q3 · Q&A responses: -3.72008 Q4 · Q&A responses: -0.82009 Q1 · Q&A responses: +1.12009 Q2 · Q&A responses: +11.62009 Q3 · Q&A responses: -2.22009 Q4 · Q&A responses: +0.02010 Q1 · Q&A responses: +3.82010 Q4 · Q&A responses: -0.42011 Q2 · Q&A responses: +1.62011 Q3 · Q&A responses: +3.02011 Q4 · Q&A responses: +2.42012 Q1 · Q&A responses: +9.22012 Q2 · Q&A responses: +5.52012 Q3 · Q&A responses: +3.72012 Q4 · Q&A responses: +4.92013 Q1 · Q&A responses: +1.12013 Q2 · Q&A responses: +7.82013 Q3 · Q&A responses: +5.32013 Q4 · Q&A responses: +3.42014 Q1 · Q&A responses: +8.42014 Q2 · Q&A responses: +8.12014 Q3 · Q&A responses: +3.42014 Q4 · Q&A responses: -1.82015 Q1 · Q&A responses: -0.82015 Q2 · Q&A responses: +7.82015 Q4 · Q&A responses: +3.32016 Q1 · Q&A responses: +9.32016 Q2 · Q&A responses: +4.72016 Q3 · Q&A responses: +1.52017 Q1 · Q&A responses: +6.52017 Q2 · Q&A responses: -1.02017 Q3 · Q&A responses: +8.42018 Q1 · Q&A responses: +5.82018 Q2 · Q&A responses: +10.92018 Q3 · Q&A responses: -2.22018 Q4 · Q&A responses: +9.32019 Q1 · Q&A responses: +1.02019 Q2 · Q&A responses: +1.12019 Q3 · Q&A responses: +4.32019 Q4 · Q&A responses: +10.12020 Q1 · Q&A responses: +2.62020 Q3 · Q&A responses: +5.22020 Q4 · Q&A responses: +4.12021 Q1 · Q&A responses: +9.72021 Q2 · Q&A responses: +5.62021 Q3 · Q&A responses: +5.52021 Q4 · Q&A responses: +5.82022 Q1 · Q&A responses: +6.12022 Q2 · Q&A responses: +5.52022 Q3 · Q&A responses: +0.42022 Q4 · Q&A responses: +6.32023 Q1 · Q&A responses: +9.22023 Q2 · Q&A responses: +6.62023 Q3 · Q&A responses: +5.02023 Q4 · Q&A responses: +12.12024 Q1 · Q&A responses: +7.32024 Q2 · Q&A responses: +3.22024 Q3 · Q&A responses: +13.22024 Q4 · Q&A responses: +12.62025 Q1 · Q&A responses: +10.9
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$3.16$6.04$8.922007 Q32009 Q42012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42014 Q1: $3.562014 Q2: $3.572014 Q3: $3.712014 Q4: $3.662015 Q1: $3.882015 Q2: $4.142015 Q3: $4.362015 Q4: $4.262016 Q1: $4.212016 Q2: $4.482016 Q3: $4.482016 Q4: $4.702017 Q1: $4.862017 Q2: $5.122017 Q3: $5.152017 Q4: $5.402018 Q1: $6.272018 Q2: $6.712018 Q3: $7.052018 Q4: $7.022019 Q1: $6.812019 Q2: $7.032019 Q3: $6.892019 Q4: $7.082020 Q1: $6.782020 Q2: $5.532020 Q3: $5.872020 Q4: $6.102021 Q1: $6.612021 Q2: $7.052021 Q3: $7.212021 Q4: $7.572022 Q1: $7.972022 Q2: $8.522022 Q3: $8.112022 Q4: $7.362023 Q1: $7.082023 Q2: $6.532023 Q3: $6.372023 Q4: $5.842024 Q1: $6.312024 Q2: $7.012024 Q3: $7.072024 Q4: $7.73

Forward P/E

9.0314.2919.562007 Q32009 Q42012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42014 Q1: 17.972014 Q2: 18.042014 Q3: 18.832014 Q4: 18.132015 Q1: 18.402015 Q2: 18.552015 Q3: 16.232015 Q4: 17.382016 Q1: 15.372016 Q2: 15.562016 Q3: 15.282016 Q4: 18.832017 Q1: 18.432017 Q2: 18.222017 Q3: 17.152017 Q4: 18.052018 Q1: 16.982018 Q2: 15.852018 Q3: 14.912018 Q4: 11.682019 Q1: 13.512019 Q2: 12.132019 Q3: 13.982019 Q4: 15.272020 Q1: 9.762020 Q2: 15.162020 Q3: 14.192020 Q4: 14.882021 Q1: 15.832021 Q2: 16.872021 Q3: 15.352021 Q4: 15.522022 Q1: 14.552022 Q2: 10.952022 Q3: 11.682022 Q4: 11.992023 Q1: 11.942023 Q2: 11.372023 Q3: 11.302023 Q4: 14.192024 Q1: 12.962024 Q2: 11.822024 Q3: 12.782024 Q4: 12.95

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q3 tone ↓ -5.0 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -4.8 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -5.0 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -3.1 fwd EPS ↑ +0.87 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -7.4 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↑ +2.4 fwd EPS ↓ -0.14 Tone rose while the forward EPS estimate was cut.
  • 2021 Q2 tone ↓ -5.5 fwd EPS ↑ +0.45 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -3.2 fwd EPS ↑ +0.40 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +6.6 fwd EPS ↓ -0.75 Tone rose while the forward EPS estimate was cut.
  • 2023 Q1 tone ↑ +3.7 fwd EPS ↓ -0.28 Tone rose while the forward EPS estimate was cut.
  • 2023 Q4 tone ↑ +6.2 fwd EPS ↓ -0.53 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-22+8.2——View →
2024 Q42025-01-23+14.7$7.7312.9View →
2024 Q32024-10-23+13.0$7.0712.8View →
2024 Q22024-07-17+7.0$7.0111.8View →
2024 Q12024-04-16+8.2$6.3113.0View →
2023 Q42024-01-18+9.8$5.8414.2View →
2023 Q32023-10-18+3.5$6.3711.3View →
2023 Q22023-07-19+4.9$6.5311.4View →