The stock price of Northern Trust Corp (NTRS) has recently entered oversold territory, with an RSI reading of 26.24, indicating potential exhaustion of selling pressure and possible buying opportunities. The stock closed at $105.46 on March 10, 2025, with a Fibonacci pivot point at $107.87. Resistance levels are at $112.79 and $115.83, while support levels are at $102.95 and $99.91.
Recent market performance has been impacted by escalating global trade tensions and new tariffs imposed by the U.S. on imports from Canada, Mexico, and China. These tensions have led to significant declines in major U.S. stock indexes, with bank stocks, including NTRS, facing notable losses. NTRS dropped over 4% in recent trading sessions due to broader market concerns.
Analysts have mixed opinions on NTRS. Morgan Stanley maintained an Equal-Weight rating but lowered the price target to $136. UBS and RBC Capital raised their ratings and price targets, reflecting optimism about the company's performance.
NTRS is trading near the lower end of its 52-week range ($79.30 to $114.67). The stock's current price of $105.46 is below the Fibonacci pivot point of $107.87, suggesting potential upside.
Based on the oversold RSI, Fibonacci levels, and analyst sentiment, NTRS is likely to experience a slight rebound. The stock is expected to reach $108.50 in the next trading week. Buy is recommended as the stock is undervalued and oversold.
The price of NTRS is predicted to go up 2.77%, based on the high correlation periods with EFSI. The similarity of these two price pattern on the periods is 95.95%.
NTRS
EFSI
Northern Trust has built a strong wealth-management franchise. Its reputation and conservative capital allocation help its capture and retain ultrawealthy private banking clients. In addition, these wealth-management relationships are stickier and client AUM has less exposure to equities compared with other wealth managers.
Northern Trust has a conservative balance sheet and has thus far limited exposure to credit losses.
Lower inflation and cost-cutting should result in slower expense growth in the near term.
Morgan Stanley
2025-03-06
Price Target
$138 → $136
Upside
+30.98%
RBC Capital
2025-01-24
Price Target
$107 → $115
Upside
+3.68%
Truist Securities
2025-01-24
Price Target
$110 → $116
Upside
+4.58%