Northern Trust rises after higher Q1 profit

Asset and wealth manager Northern Trust's NTRS.O shares up 3% at $89.38

Northern Trust reports an 83% rise in first-quarter profit, helped by higher fee income from servicing and managing client assets

Company posts Q1 net income of $392 mln, or $1.90 per share, compared with $214.7 mln, or 96 cents per share, a year earlier

Asset manager's trust, investment and other servicing fees jump 6% to $1.21 bln

On an adjusted basis, company's Q1 net interest income rises 7% to $573.7 mln

3 of 16 brokerages rate the stock "buy" or higher, 10 "hold" and 3 "sell" or "strong sell"; their median PT is $112 — LSEG data

Including session's gain, stock down about 12.8% YTD