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 released its 2020 Corporate Social Responsibility report, marking 10 years of transparency in its operations. CEO Michael O'Grady emphasized the company’s commitment to long-term value amid 2020's challenges. Highlights include a $20 million commitment to global philanthropic efforts focusing on education, food security, healthcare, and housing. In 2020, they donated over $16 million, achieving a top quartile benchmark for financial companies. Community investments reached $1.5 billion, while the ESG Vector Score was introduced to enhance sustainable investing.
Northern Trust has introduced a machine learning-powered document capture capability to enhance alternative asset servicing. This multi-year investment aims to digitize processes for asset owners dealing with complex private market assets. The digital document capture streamlines manual workflows by automating the processing of alternative asset documents, offering increased transparency and data standardization. With over US$1.6 trillion in alternative assets under custody, this innovative solution positions Northern Trust to improve operational efficiency and reduce risks for institutional investors.
Northern Trust has announced a $5 million investment aimed at providing loans to DACA students enrolled in medical school. This funding will facilitate low-interest loans, enabling these students, who often lack access to traditional financial support, to pursue their medical education. The initiative is a collaboration with Self-Help Federal Credit Union and is designed to enhance diversity within the medical profession. The loans will be pegged to federal student loan rates, significantly reducing financing costs for DACA recipients.
Northern Trust (Nasdaq: NTRS) released the results of its inaugural Business Owner Benchmark, surveying over 100 business owners in Q1 2021. Key findings revealed that 45% of owners considered relocating to minimize tax impacts, with 59% citing tax concerns as a significant reason for transition. Additionally, 70% have succession plans, but half express worries about future leadership capabilities and familial conflict. The survey underscores the importance of formal employment policies for family members and suggests that effective boards contribute to business growth.
Northern Trust's defined contribution (DC) global assets under custody surpassed $1 trillion, driven by new business from corporate and public retirement plans. As of March 31, 2021, the firm manages over $1.4 trillion in DC assets across more than 140 global clients, including significant U.S. plans. The company emphasizes its commitment to navigating the complexities of the evolving retirement landscape, aided by customized solutions and industry leadership. Northern Trust continues to enhance its services for DC plans, reflecting its long-standing position in the retirement sector.
Northern Trust has appointed Carlos J. Arrizurieta as Senior Managing Director in Miami, leading a team dedicated to serving ultra-high net worth clients in South Florida. With over 35 years in finance, he previously held senior roles at Wells Fargo, Deutsche Bank, and Citi. Arrizurieta aims to enhance the company's wealth management capabilities. Northern Trust is a major wealth management provider with $355.4 billion in assets under management as of March 31, 2021, and holds a strong reputation in financial services.
Northern Trust Corporation will host a second quarter 2021 earnings conference call on July 21, 2021, at 9:00 a.m. CT. This event follows the release of their earnings press release on the same day. Investors can access the webcast along with related materials via Northern Trust's website.
As of March 31, 2021, Northern Trust had assets under custody/administration totaling US$14.8 trillion and US$1.4 trillion in assets under management. Founded in 1889, the firm offers wealth management, asset servicing, and banking to various clientele globally.
Northern Trust appointed Thomas F. Dempsey as Managing Director, focusing on enhancing relationships in the private equity and hedge fund sectors, and with ultra-high net worth families. His role emphasizes connecting firms with Northern Trust's comprehensive investment management resources. Dempsey's experience includes positions at Corsair Capital, Fulcrum Asset Management, and Goldman Sachs. Northern Trust, recognized as a top wealth manager with $355.4 billion in assets under management as of March 31, 2021, aims to strengthen its advisory capabilities with Dempsey's leadership.
Northern Trust Corporation announced that Chairman and CEO, Michael G. O’Grady, and CFO, Jason J. Tyler, will present at the Morgan Stanley U.S. Financials Conference on June 16, 2021, at 11:00 a.m. ET. The presentation will be available via Northern Trust's website. A replay will be accessible for four weeks post-event. Northern Trust, trading under NTRS, has assets under custody of US$14.8 trillion and assets under management of US$1.4 trillion as of March 31, 2021.
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