NTRS Stock Recent News

LUXEMBOURG--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) is pleased to announce that its current partnership with 2Xideas AG (2Xideas) is expanding to include Integrated Trading Solutions (ITS). The Switzerland-based investment firm with approximately US$2bn in assets under management (Source: 2Xideas as of 30 June 2024) first appointed Northern Trust in 2022, as the firm's fund accounting, financial reporting, transfer agency, custody, and depositary services provider. Founded in 2013, 2Xide.

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Increasing non-interest income, NII and growth in loan balances are likely to aid Northern Trust's (NTRS) revenues. However, high costs and the current volatility of markets remain a concern.

LONDON--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) today announced that it has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for True Potential, a United Kingdom (UK)-headquartered wealth management firm, supporting £31.7bn (approx. US$40.2bn) of assets under management (source: True Potential, 31 July 2024). Northern Trust will assume the trading function across True Potential's internally managed funds with approximately £6.1bn AUM as of 31 July 20.

LONDON--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today that it has been reappointed by Lancashire County Pension Fund to provide custody and performance measurement services to the £11.5 billion (approximately US$14.6 billion) fund, as of 31 May 2024. A Local Government Pension Scheme (LGPS), Lancashire County Pension Fund provides retirement benefits to approximately 189,000 employees and over 300 employers in the public sector across the county of Lancashire, North West Englan.

Northern Trust Corporation (NASDAQ:NTRS ) Q2 2024 Results Conference Call July 17, 2024 9:30 AM ET Company Participants Jennifer Childe - Director of IR Mike O'Grady - Chairman and CEO Jason Tyler - CFO John Landers - Controller Grace Higgins - Investor Relations Conference Call Participants Betsy Graseck - Morgan Stanley Mokshith Reddy - Jefferies Brennan Hawken - UBS Mike Mayo - Wells Fargo Brian Bedell - Deutsche Bank Alex Blostein - Goldman Sachs Vivek Juneja - JP Morgan Ebrahim Poonawala - Bank of America Brennan Hawken - UBS Operator Good day, and welcome to the Northern Trust Corporation's Second Quarter 2024 Earnings Conference Call. Today's conference is being recorded.

Northern Trust's (NTRS) Q2 earnings reflect a significant rise in fee income, driven by the net impact of the Visa transaction. Yet, the rise in costs and provisions are headwinds.

Although the revenue and EPS for Northern Trust (NTRS) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Northern Trust Corporation (NTRS) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $1.79 per share a year ago.

Asset and wealth manager Northern Trust posted a more than two-fold jump in second-quarter profit on Wednesday, thanks to higher fee income and an accounting gain of $878.4 million from a stock exchange deal with Visa.