UPDATE: Northern Trust Q2 Profit Increases 6.4%

Northern Trust (NASDAQ: NTRS ) reported a 6.4% rise in its second-quarter earnings. Northern Trust's quarterly profit surged to $191.1 million, or $0.78 per share, from $179.6 million, or $0.73 per share, in the year-ago period. Its revenue increased 3.2% to $1.02 billion. However, analysts were expecting earnings of $0.83