Northern Trust Corp - NTRS STOCK NEWS

Northern Trust Corporation has announced its second quarter 2022 financial results, detailing its significant financial metrics. As of June 30, 2022, the company reported assets under custody/administration of US$13.7 trillion and assets under management of US$1.3 trillion. The earnings conference call is scheduled for July 20, 2022, at 9:00 a.m. CT, available on the company's website. Northern Trust, founded in 1889, serves a global clientele with a strong emphasis on wealth management and asset servicing.

Northern Trust Corporation (NASDAQ: NTRS) announced a quarterly cash dividend increase to $0.75 per share from $0.70, payable on October 1, 2022, to shareholders of record by September 9, 2022. Additionally, dividends for Series D and E preferred stock were declared at $2,300.00 and $293.75 per share, respectively. This increment showcases the company's strong balance sheet and commitment to returning value to shareholders.

Northern Trust has unveiled an enhanced liquidity management data tool within its Front Office Solutions platform, aimed at complex asset allocators. This web-based tool enables asset owners with significant private market allocations to customize their liquidity management through unified reporting and visual insights. It offers comprehensive liquidity views based on factors such as private equity data and cash flow forecasts. With its visual features, users can easily assess cash flow pacing across markets. As of March 31, 2022, Northern Trust manages $1.5 trillion in assets.

Northern Trust has appointed Willem Erwich as Managing Director of the Upper Florida Keys Market to lead a team focused on high net worth families, endowments, and foundations. Erwich brings over 25 years of wealth management experience and previously served as a Senior Trust Advisor at Northern Trust since 2012. He will report to Marianne Devine, Senior Managing Director in South Florida. This strategic leadership aims to enhance the firm's service delivery in a fast-growing region where Northern Trust has operated for 50 years, managing $396.2 billion in assets as of March 31, 2022.

Northern Trust has appointed Ann Marie Wilczynski as Senior Managing Director and President of Minnesota. She will lead the team in providing comprehensive client services. Wilczynski previously worked as a Senior Family Advisor for Waycrosse and has experience within Northern Trust Wealth Management. She holds a bachelor’s degree in business and a J.D. and is recognized for her expertise in trust, estate work, and wealth management. This leadership change aims to enhance growth and service excellence in Minnesota, where Northern Trust manages $396.2 billion in assets as of March 31, 2022.

Northern Trust announced the appointment of Jennifer Grosvenor as Managing Director in the Houston office. Grosvenor will lead the team to enhance client service and boost growth in the Northern Trust Wealth Management platform. With over 20 years of experience, she previously managed the fiduciary practice in Houston. In her new role, she will collaborate with Houston President John Hantak on client development and compliance. Northern Trust is recognized as a top U.S. wealth manager, managing $396.2 billion in assets as of March 31, 2022.

50 South Capital Advisors announces an investment in gener8tor, a venture capital firm, to launch a flagship equity-based startup accelerator in Fargo and two free pre-accelerator programs in Grand Forks and Fargo. These initiatives will run annually for five years and aim to strengthen the entrepreneurial ecosystem in North Dakota. Gener8tor, recognized for supporting early-stage companies, is the fourth investment from the North Dakota Growth Fund, managed by 50 South Capital, a subsidiary of Northern Trust. This partnership seeks to enhance access and opportunities for local entrepreneurs.

Northern Trust Corporation (NTRS) will host a live webcast of its Q2 2022 earnings conference call on July 20, 2022, at 9:00 a.m. (CT). The earnings press release and related materials will be available on Northern Trust’s website. As of March 31, 2022, Northern Trust managed US$1.5 trillion in assets, showcasing its substantial presence in wealth and asset management.

Northern Trust Corporation (NTRS) announced an increase in its quarterly common stock dividend from $0.70 to $0.75 per share, effective Q3 2022. This decision follows the results from the Federal Reserve's 2022 Comprehensive Capital Analysis and Review (CCAR), where Northern Trust's stress capital buffer remains steady at 2.5%. The company’s minimum common equity tier 1 (CET1) ratio is set at 7%. The dividend hike underscores the strength of Northern Trust's capital position and reflects its commitment to shareholder returns.