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.
Global markets faced significant challenges in Q2 2022 with a median return of -9.1% for institutional investors, marking the worst quarter since Q1 2020. Northern Trust's asset servicing services reported a median return of -10.9% for Corporate plans and -7.9% for Public Funds. The ongoing geopolitical issues, including the war in Ukraine and rising inflation, have exacerbated market conditions. As of June 30, 2022, Northern Trust managed assets totaling $1.3 trillion, underscoring the pressures faced by institutional investors amid higher interest rates.
Northern Trust has renewed its Statement of Commitment to the FX Global Code, emphasizing adherence to high standards in the foreign exchange market. This commitment, first established in 2018, supports a fair and transparent FX market guided by ethics and governance. The FX Global Code outlines principles around ethics, governance, and risk management. Northern Trust, with assets under custody of US$13.7 trillion and assets under management of US$1.3 trillion, continues to position itself as a leader in finance and asset servicing.
The Northern Trust Canada Universe reported a challenging second quarter in 2022 as Canadian Pension Plan investments contracted, with a median decline of -8.8% for the quarter and -14.5% year-to-date. Market volatility, inflation, and aggressive central bank interest rate hikes contributed to the downturn. Canadian equities declined -13.2%, U.S. equities -13.4%, and international markets struggled. Despite the declines, rising interest rates may improve pension funding ratios, offering some financial health during this turbulent period.
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.
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