NTRS Stock Recent News

CHICAGO & AMSTERDAM--(BUSINESS WIRE)--Northern Trust Asset Management (NTAM), a leading global investment management firm with US$1.3 trillion in assets under management as of December 31, 2024, announced a major expansion of its global quantitative investment strategies team. NTAM has hired 13 investment personnel, including quantitative researchers, portfolio analysts and quantitative developers in Amsterdam, in a move that will enhance its existing quantitative factor platform and accelerate.

TORONTO--(BUSINESS WIRE)-- #assetmanagement--The median plan in the Northern Trust Canada Universe returned 1.5% in the quarter and 10.6% for the full year in 2024.

I rate Northern Trust Corporation a Buy for long-term investors, citing strong Q4 results, strategic progress, and a favorable outlook for the wealth management industry. Key factors include 26% revenue growth, a 2.7% forward dividend yield, and successful execution of the One Northern Trust Strategic initiative. The new administration's tax policies are expected to benefit NTRS by creating opportunities for clients to reposition portfolios, boosting Trust fees and AUM growth.

Does Northern Trust Corporation (NTRS) have what it takes to be a top stock pick for momentum investors? Let's find out.

Northern Trust (NTRS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Northern Trust Corporation (NASDAQ:NTRS ) Q4 2024 Earnings Conference Call January 23, 2025 9:00 AM ET Company Participants Jennifer Childe - Director of IR Michael O'Grady - Chairman & CEO David Fox - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Brennan Hawken - UBS Betsy Graseck - Morgan Stanley Ebrahim Poonawala - Bank of America Alex Blostein - Goldman Sachs David Smith - Truist Securities Brian Bedell - Deutsche Bank Jim Mitchell - Seaport Global Steven Chubak - Wolfe Research Gerard Cassidy - RBC Operator Good day, and welcome to the Northern Trust Corporation Fourth Quarter 2024 Earnings Conference Call. Today's conference is being recorded.

A rise in NII and fee income, along with an increase in AUC and AUM balances, supports NTRS' Q4 earnings. Improvement in credit quality is another positive.

While the top- and bottom-line numbers for Northern Trust (NTRS) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Northern Trust on Thursday reported a more than fourfold rise in fourth-quarter profit, beating Wall Street estimates, as a rallying equity market boosted the wealth manager's income from asset servicing and management.

Northern Trust Corporation (NTRS) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.02 per share. This compares to earnings of $1.46 per share a year ago.