Northern Trust Corporation Reports Second Quarter 2010 Net Income of $199.6 Million, Earnings per Common Share of $0.82
Frederick H. Waddell, Chairman and Chief Executive Officer, commented, "We are pleased to report $200 million in net income in the second quarter despite the low interest rate environment and prolonged economic recovery. Our client-focused businesses continue to serve both new and existing clients with distinction and with a broad range of financial solutions. As one of the best capitalized large banks in the U.S., with Tier 1 Capital and Tier 1 Common ratios of 13.7% and 13.2%, respectively, we continue to invest in our businesses in order to serve our clients now and into the future. We are confident that ongoing economic challenges will ultimately give way to a recovery, benefiting our clients, our people and our shareholders."
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