Northern Trust reported a 97% surge in second-quarter net income...

Northern Trust reported a 97% surge in second-quarter net income compared with a year earlier. Revenues rose 6% for the quarter, to $585.1 million. Assets under management rose 25% for the year ended June 30 to a record high of $527 billion. Assets under administration rose 26% for the year to a record $2.3 trillion.