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.
Northern Trust has appointed Rick Fernandez as president of the Washington, D.C. market and a member of the Mid-Atlantic Region Leadership Team. With 19 years at Northern Trust, he will oversee wealth management operations in Washington, Virginia, and Maryland, focusing on delivering holistic advice and superior client service. His experience includes working with high-net-worth families and closely-held businesses. Northern Trust ranks among the top 10 U.S. wealth managers, boasting $371.1 billion in assets under management as of June 30, 2021.
Northern Trust (Nasdaq: NTRS) has appointed Leon Stavrou as the head of its business in Australia and New Zealand, effective October 1, 2021. Stavrou, who has over 20 years of experience in the asset servicing sector, previously managed operations in Australia and the Asia Pacific region. He succeeds Angelo Calvitto, who now leads Northern Trust in Asia Pacific. The company, the second largest custodian in the Australian market, has over 200 employees in Sydney and Melbourne, providing tailored asset servicing solutions to institutional clients.
Northern Trust has appointed
Northern Trust announced that Wealth Management President Steve Fradkin and CFO Jason J. Tyler will present at the Barclays Global Financial Services Conference on September 14, 2021, at 11:00 a.m. (CT). The presentation will be available via Northern Trust's website. A replay will be accessible for about four weeks post-event. As of June 30, 2021, Northern Trust manages assets worth US$1.5 trillion and has US$15.7 trillion in assets under custody.
Wellteq Digital Health has signed a 5-year Master Services Agreement with Northern Trust Corporation to provide wellness solutions. This partnership aims to enhance employee health and reduce costs related to absenteeism and healthcare. Wellteq's platform, which includes personalized wellness and digital coaching, will initially support Northern Trust's Asia Pacific teams in Q3 2021. The wellness industry is projected to exceed US $90 billion annually by 2026, highlighting the growing demand for health services in the workplace.
U.S. institutional plan sponsors achieved notable investment gains in Q2 2021, largely driven by strong equity market performance amid rising Covid-19 vaccination rates. The median return in the Northern Trust Universe was 6.0%, marking the fifth-best quarterly performance in a decade. Corporate ERISA plans led with a 6.2% return, while Public Funds lagged at 5.6%. Key drivers included federal infrastructure spending proposals and robust technology sector returns. The U.S. equity allocation for ERISA plans stood at 24.1%, with fixed income at 42.9%.
The second quarter of 2021 saw Canadian Pension Plan investment returns increase by 4.1%, driven by strong performance in equities. The S&P/TSX Composite Index rose 8.5%, led by Technology, Energy, Real Estate, and Communication Services. U.S. equities returned 6.9%, while international markets and emerging markets also reported positive gains. Despite inflation concerns and volatility, the Canadian and U.S. economies demonstrated recovery, adding jobs and maintaining supportive monetary policies. Northern Trust tracks the performance of Canadian institutional investment plans, reflecting the positive economic climate.
Northern Trust Corporation has reported its second quarter 2021 financial results, showcasing its strength in wealth and asset management. As of June 30, 2021, the company managed assets under custody of US$15.7 trillion and assets under management totaling US$1.5 trillion. The earnings conference call is scheduled for July 21, 2021, at 9:00 a.m. CT, with a recording available shortly after. Northern Trust has been a distinguished leader in the financial sector for over 130 years, emphasizing integrity and innovation in its services.
Northern Trust Corporation (Nasdaq: NTRS) has announced a quarterly cash dividend of $0.70 per share on its common stock, payable on October 1, 2021, to shareholders on record as of September 10, 2021. Additionally, cash dividends of $2,300.00 per share for Series D and $293.75 for Series E non-cumulative perpetual preferred stock will also be paid on October 1, 2021, to holders of record by September 15, 2021. Northern Trust, established in 1889, manages assets totaling $14.8 trillion.
FAQ
What is the current stock price of Northern Trust (NTRS)?
What is the market cap of Northern Trust (NTRS)?
What does Northern Trust Corporation do?
When was Northern Trust founded?
How extensive is Northern Trust’s global presence?
What are the current assets under custody and management for Northern Trust?
What recent events has Northern Trust been involved in?
What makes Northern Trust a leader in the financial services industry?
What kind of clients does Northern Trust serve?
How does Northern Trust support diversity and community engagement?
What services does Northern Trust’s wealth management division offer?
What is Northern Trust’s commitment to career development?
