Northern Trust's shares trade for 1.8 times tangible book value, according to Thomson Reuters Bank Insight, and for 15.8 times the consensus 2013 earnings estimate of $3.31 a share, among analysts polled by Thomson Reuters. The consensus 2013 EPS estimate is $3.71. The shares returned 30% during 2012, following a 27% decline during 2011. Based on a quarterly payout of 30 cents, the shares have a dividend yield of 2.30%. Northern Trust will announce its fourth-quarter results, with analysts expecting a profit of 75 cents a share, increasing from 73 cents in the third quarter, and 67 cents in the fourth quarter of 2011. In his firm's fourth-quarter preview for trust banks, JPMorgan analyst Vivek Juneja on Tuesday said that "similar to its peers, NTRS continues to face revenue pressures from low absolute interest rates and declining revenues in volatility driven businesses, but should benefit from strong long term secular growth opportunities, expense savings initiative, and industry consolidation."
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