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Northern Trust Corp - NTRS STOCK NEWS

Welcome to our dedicated page for Northern Trust news (Ticker: NTRS), a resource for investors and traders seeking the latest updates and insights on Northern Trust stock.

Northern Trust Corporation (NASDAQ: NTRS) is a prominent provider of wealth management, asset servicing, asset management, and banking services to corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, Northern Trust has expanded its presence globally with offices in 20 U.S. states and Washington, D.C., as well as 23 international locations in Canada, Europe, the Middle East, and the Asia-Pacific region.

As of December 31, 2023, Northern Trust boasts assets under custody or administration of $15.4 trillion and assets under management amounting to $1.4 trillion. This impressive portfolio underscores Northern Trust’s status as a leader in the financial services industry, renowned for its exceptional service, financial expertise, integrity, and continuous innovation over more than 125 years.

Northern Trust is committed to providing comprehensive financial solutions that meet the diverse needs of its clients. Its wealth management services include investment management, trust and estate planning, and private banking. The asset servicing division offers custody, fund administration, and middle office outsourcing for institutional clients. Additionally, Northern Trust’s asset management division delivers a broad range of investment solutions designed to meet the financial objectives of institutional and individual investors.

Recent achievements highlight Northern Trust's ongoing commitment to innovation and inclusivity. For instance, the Northern Trust Ireland team recently hosted the Guidance and Industry Network (GaIN) event, focusing on modern-day recruitment campaigns and inclusive hiring strategies. Moreover, Northern Trust sponsored the Black Professionals & Leaders Dinner at Arizona State University, supporting efforts to bridge the gap between black undergraduate students and professionals.

Northern Trust’s dedication to diversity and community engagement is evident through its partnerships with organizations like Dublin City University and the 30% Club Ireland, aiming to achieve better gender balance for enhanced business outcomes. The firm continues to invest in talent development, offering various career opportunities and fostering a collaborative, team-oriented environment.

For those looking to invest, Northern Trust represents a stable and innovative option within the financial services sector, with a strong track record of adapting to market changes and maintaining long-term client relationships. Stay updated with the latest news and developments from Northern Trust to make informed investment decisions.

Latest News:

  • January 23, 2024 - Northern Trust hosted the GaIN event in Ireland, in collaboration with Dublin City University, focusing on career guidance and inclusive hiring strategies.
  • February 9, 2024 - Northern Trust sponsored the Black Professionals & Leaders Dinner at Arizona State University, bridging the gap between students and professionals.
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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.
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Northern Trust Corporation (NTRS) has announced a quarterly cash dividend of $0.75 per share on its common stock, payable on April 1, 2024. Additionally, cash dividends of $2,300 per share of its Series D non-cumulative perpetual preferred stock and $293.75 per share of its Series E non-cumulative perpetual preferred stock were declared, also payable on April 1, 2024.
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Northern Trust (NTRS) Sustainability Network aims to increase awareness of sustainability issues, promote best practices, and unify environmentally focused business operations. In 2022, the program participated in activities such as taking a carbon pledge to reduce emissions over the next 12 months and hosting webinars to educate the enterprise on their journey to net zero. Northern Trust functions as a global citizen committed to building a healthy, sustainable environment and has a deep regard for surrounding communities.
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Northern Trust Asset Management (NTAM) expanded its sustainable investment solutions in 2022, launching innovative pooled vehicles for global investors. The EMEA markets saw the launch of two global bond ESG funds, while the U.S. market saw the launch of an emerging markets fund that utilizes the Northern Trust ESG Vector ScoreTM. The Asset Servicing business also offers solutions for clients' growing ESG and climate risk oversight and governance programs. Wealth Management aims to empower clients to incorporate their ESG investment objectives without jeopardizing financial goals, offering a wide array of solutions and resources to meet investors' growing demand.
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Northern Trust Asset Management (NTAM) announced that Suzanne Casey has joined as co-head of the Wealth Client Group, aiming to provide dedicated leadership and strengthened services for wealth management, family offices, and intermediary markets. With $1.09 trillion in assets under management as of September 30, 2023, NTAM manages over $350 billion for private wealth clients. Casey brings 30 years of sales and leadership experience, having held various leadership roles at financial services firms. The new Wealth Client Group is expected to further strengthen relationships and drive growth within the wealth management industry.
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Northern Trust (NTRS) has published its 2022 Sustainability Report, outlining its commitment to sustainable investment strategies, climate risk management, and environmental preservation. The company has reduced its business operations emissions by over 5% and energy consumption by over 30% since 2019, working towards its net-zero carbon goal by 2050. Northern Trust also collaborates with Climate Vault to reduce carbon emissions through a two-step approach, showcasing its dedication to environmental sustainability.
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Northern Trust (NTRS) focuses on global philanthropy and sustainability, donating over $19 million in 2022 and nearly $170 million over the past decade to support educational excellence, food security, accessible healthcare, and affordable housing.
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Northern Trust (NTRS) focuses on women's leadership development with programs in the US and India, emphasizing strategic thinking, diversity, and mindful leadership. The company aims to grow and develop women at the middle management levels, with over 2,100 participants globally.
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Northern Trust (Nasdaq: NTRS) has been selected as the sole provider of trading services for Waverton Investment Management, with two of Waverton's traders joining Northern Trust. Waverton, an independent investment manager in the UK, has £9.1 billion in assets under management. This agreement aims to align Waverton's operational structure with plans to expand its product range and investment capabilities.
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Northern Trust (NTRS) reappointed as asset servicing provider for CAD 103 billion HOOPP. The partnership renewal with HOOPP, a strong and stable pension plan, highlights the successful 18-year relationship. Northern Trust's extensive experience in providing innovative asset servicing solutions and strategic perspectives in Canada has contributed to the partnership's success.
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FAQ

What is the current stock price of Northern Trust (NTRS)?

The current stock price of Northern Trust (NTRS) is $109.46 as of November 22, 2024.

What is the market cap of Northern Trust (NTRS)?

The market cap of Northern Trust (NTRS) is approximately 22.1B.

What does Northern Trust Corporation do?

Northern Trust provides wealth management, asset servicing, asset management, and banking services to corporations, institutions, affluent families, and individuals.

When was Northern Trust founded?

Northern Trust was founded in 1889 in Chicago.

How extensive is Northern Trust’s global presence?

Northern Trust has offices in 20 U.S. states and Washington, D.C., as well as 23 international locations in Canada, Europe, the Middle East, and the Asia-Pacific region.

What are the current assets under custody and management for Northern Trust?

As of December 31, 2023, Northern Trust has $15.4 trillion in assets under custody or administration and $1.4 trillion in assets under management.

What recent events has Northern Trust been involved in?

Recently, Northern Trust hosted the GaIN event in Ireland focusing on inclusive hiring and career guidance, and sponsored the Black Professionals & Leaders Dinner at Arizona State University.

What makes Northern Trust a leader in the financial services industry?

Northern Trust is recognized for its exceptional service, financial expertise, integrity, and continuous innovation over more than 125 years.

What kind of clients does Northern Trust serve?

Northern Trust serves corporations, institutions, affluent families, and individuals with comprehensive financial solutions.

How does Northern Trust support diversity and community engagement?

Northern Trust partners with organizations like Dublin City University and the 30% Club Ireland to promote gender balance and supports events like the Black Professionals & Leaders Dinner.

What services does Northern Trust’s wealth management division offer?

Northern Trust’s wealth management services include investment management, trust and estate planning, and private banking.

What is Northern Trust’s commitment to career development?

Northern Trust offers various career opportunities, fostering a collaborative and team-oriented environment, and investing in talent development.

Northern Trust Corp

Nasdaq:NTRS

NTRS Rankings

NTRS Stock Data

22.08B
196.77M
0.61%
86.82%
0.9%
Asset Management
State Commercial Banks
Link
United States of America
CHICAGO