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.
The Northern Trust Canada Universe reported a 2.8% return for Canadian pension plans in the fourth quarter of 2022, but a -12.8% decline for the year due to market volatility, inflation, and geopolitical uncertainties. The S&P TSX index showed a -5.8% decline for the year, although it fared better than global benchmarks. Despite challenges, pension plan funding levels improved due to rising interest rates. The Canadian economy added 222,000 jobs, lowering the unemployment rate to 5%. Northern Trust remains a key player in wealth management and asset servicing, with assets under management of US$1.2 trillion.
Northern Trust Asset Management, with $1.0 trillion in assets under management as of December 31, 2022, announced the hiring of John Ceffalio as head of Municipal Client Portfolio Management, effective January 9. This newly created role within the global fixed income group aims to enhance client service for its $470 billion in fixed income assets. Ceffalio brings over 20 years of experience from firms like AllianceBernstein and Moody’s and will work closely with portfolio management and research teams. His appointment reflects NTAM’s commitment to adapt to the changing needs of fixed income investors.
Northern Trust Corporation (NASDAQ: NTRS) announced its fourth quarter 2022 financial results, with a conference call scheduled for January 19, 2023, at 8:00 a.m. CT, available via webcast on their website. The company reported assets under custody/administration of US$13.6 trillion and assets under management of US$1.2 trillion as of December 31, 2022. Established in 1889 in Chicago, Northern Trust provides wealth management, asset servicing, and banking services globally, with a strong focus on exceptional service and financial expertise.
Northern Trust Corporation (NASDAQ: NTRS) has announced a quarterly cash dividend of $0.75 per share on its common stock, payable on April 1, 2023. Record date for this dividend is March 10, 2023, 5:00 p.m. Chicago time. Additionally, it declared cash dividends of $2,300 for Series D preferred stock and $293.75 for Series E preferred stock, each payable on April 1, 2023, with record dates of March 15, 2023. Northern Trust, a leading provider in wealth management and financial services, reported assets under custody of US$12.8 trillion and assets under management of US$1.2 trillion as of September 30, 2022.
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Northern Trust (NASDAQ: NTRS) released its second annual Business Owner Benchmark survey, revealing insights from over 150 business owners. Key findings show that 32% of respondents do not plan to retire, preferring to stay actively involved in business. Despite 90% having estate plans, a third haven't updated them recently. Post-sale, 37% reported improved lives, yet 59% expressed concerns about buyer treatment of employees. The survey highlights the significance of proactive wealth planning and estate management for entrepreneurs.
Northern Trust announced the appointments of Steven Reydel and Michael McMaster as heads of North America Fund Accounting and Fund Administration, respectively. Reydel, with 20 years of experience, will focus on establishing the Global Fund Services (GFS) business in Boston, while McMaster brings over 25 years of expertise, having previously worked at Northern Trust. Their leadership is expected to enhance client services and operational efficiency in response to market needs.
Northern Trust Corporation (NASDAQ: NTRS) will host a live webcast of its fourth quarter 2022 earnings conference call on January 19, 2023, at 8:00 a.m. CT. This follows the release of its earnings press release on the same day. Interested parties can access the earnings press release and related presentation materials through Northern Trust’s website. Established in 1889, Northern Trust provides wealth management, asset servicing, and banking services globally, managing assets worth $12.8 trillion under custody and $1.2 trillion in assets under management as of September 30, 2022.
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