Northern Trust posts 2015 figures

Northern Trust has reported fourth quarter net income per diluted common share of $0.99, up from $0.98 in the fourth quarter of 2014 and $0.96 in the third quarter of 2015. It calculates that its net income was $239.3 million, against $244.0 million in the prior year quarter and $234.6 million in the prior quarter.

Custody and fund administration fees increased 2 percent, driven by new business (assets under custody also rose by 2 percent). This was partially offset by the unfavourable impact of movements in foreign exchange rates, Northern Trust adds.