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Northern Trust Corp - NTRS STOCK NEWS

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.
Rhea-AI Summary

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%.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of Northern Trust (NTRS)?

The current stock price of Northern Trust (NTRS) is $100.32 as of January 13, 2025.

What is the market cap of Northern Trust (NTRS)?

The market cap of Northern Trust (NTRS) is approximately 19.6B.

What does Northern Trust Corporation do?

Northern Trust provides wealth management, asset servicing, asset management, and banking services to corporations, institutions, affluent families, and individuals.

When was Northern Trust founded?

Northern Trust was founded in 1889 in Chicago.

How extensive is Northern Trust’s global presence?

Northern Trust has 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.

What are the current assets under custody and management for Northern Trust?

As of December 31, 2023, Northern Trust has $15.4 trillion in assets under custody or administration and $1.4 trillion in assets under management.

What recent events has Northern Trust been involved in?

Recently, Northern Trust hosted the GaIN event in Ireland focusing on inclusive hiring and career guidance, and sponsored the Black Professionals & Leaders Dinner at Arizona State University.

What makes Northern Trust a leader in the financial services industry?

Northern Trust is recognized for its exceptional service, financial expertise, integrity, and continuous innovation over more than 125 years.

What kind of clients does Northern Trust serve?

Northern Trust serves corporations, institutions, affluent families, and individuals with comprehensive financial solutions.

How does Northern Trust support diversity and community engagement?

Northern Trust partners with organizations like Dublin City University and the 30% Club Ireland to promote gender balance and supports events like the Black Professionals & Leaders Dinner.

What services does Northern Trust’s wealth management division offer?

Northern Trust’s wealth management services include investment management, trust and estate planning, and private banking.

What is Northern Trust’s commitment to career development?

Northern Trust offers various career opportunities, fostering a collaborative and team-oriented environment, and investing in talent development.
Northern Trust Corp

Nasdaq:NTRS

NTRS Rankings

NTRS Stock Data

19.64B
196.77M
0.6%
86.87%
1.16%
Asset Management
State Commercial Banks
Link
United States of America
CHICAGO