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First quarter 2010 net income of $157.2 Million
Northern Trust Corporation reported first quarter net income per common share of $0.64 compared with net income per common share of $0.61 in the first quarter of 2009.
Helping clients respond to new accounting standards and disclosure requirements
Northern Trust has announced new tools intended to help institutional clients address recent accounting rules and disclosure requirements adopted in the US by the Financial Accounting Standards Board and the Governmental Accounting Standards Board.
These are related to investments in derivatives, hedging activities, valuations, major asset categories and various risk exposures of certain investments. IFRS valuation toolkit launched
Northern Trust has created an “IFRS Valuation Toolkit” to assist institutional clients with the additional fair value measurement disclosures required by the International Financial Reporting Standards 7 (IFRS 7) and similar financial reporting standards.
Institutional investment managers expect increasing volatility amid growth
Institutional investment managers are anticipating increased market volatility and higher interest rates but remain bullish on corporate profits and global economic growth in the near term, according to a quarterly survey conducted by Northern Trust Global Advisors.
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