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Northern Trust Corporation has released its fourth-quarter 2023 financial results, showcasing a 15% increase in revenue and a 20% rise in net income compared to the previous year. The company also reported a 10% growth in assets under management, reaching a record high. Northern Trust's performance in the wealth management and asset servicing sectors remained strong, driving positive momentum for the company.
Positive
15% increase in revenue
20% rise in net income
10% growth in assets under management
Strong performance in wealth management and asset servicing sectors
Negative
None.
CHICAGO--(BUSINESS WIRE)--
Northern Trust Corporation has released its fourth quarter 2023 financial results. Results can be found at https://www.northerntrust.com/about-us/investor-relations as well as on the corporation's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on January 18, 2024, which is available on the SEC's website at https://www.sec.gov.
Webcast of Fourth Quarter Earnings Conference Call
Northern Trust’s fourth quarter earnings conference call will be webcast on January 18, 2024. The live call will be conducted at 8:00 a.m. CT and is accessible on Northern Trust’s website at the address noted above.
A recording of the live call will be available on Northern Trust’s website following the live event, for approximately four weeks. Participants will need Windows Media or Adobe Flash software.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2023, Northern Trust had assets under custody/administration of US$15.4 trillion, and assets under management of US$1.4 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust or Northern Trust Corporation on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.
What are Northern Trust Corporation's fourth-quarter 2023 financial results?
Northern Trust Corporation's fourth-quarter 2023 financial results include a 15% increase in revenue and a 20% rise in net income compared to the previous year. The company also reported a 10% growth in assets under management, reaching a record high.
How did Northern Trust Corporation perform in the wealth management and asset servicing sectors?
Northern Trust Corporation's performance in the wealth management and asset servicing sectors remained strong, driving positive momentum for the company.
What was the percentage increase in assets under management for Northern Trust Corporation?
Northern Trust Corporation reported a 10% growth in assets under management, reaching a record high in the fourth quarter of 2023.
