April 17, 2012 / 11:45 AM / 5 years ago

Northern Trust Q1 net income climbs 7 percent

1 Min Read

April 17 (Reuters) - Northern Trust Corp said Tuesday that first-quarter income rose 7 percent on better expense management and an improving stock market.

The custody bank's net income was $161 million, or 66 cents a share, compared with $151 million, or 61 cents a share, a year earlier.

Analysts, on average, had expected Northern Trust to earn 66 cents a share, according to Thomson Reuters I/B/E/S.

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