Northern Trust Stock Price, News & Analysis

Northern Trust (NASDAQ: NTRS) has launched a new mobile application for its Front Office Solutions platform, enhancing accessibility for asset owners and institutional investors. The app, available on both Android and iOS, allows clients to access crucial information on the go, featuring an intuitive interface and robust filtering options. John Turney, head of Front Office Solutions, emphasized the app's role in improving decision-making efficiency for allocators managing their research process. The platform addresses the needs of clients by enabling on-demand access to documents and research management capabilities. Future updates to the app will incorporate client feedback to further enhance functionality.

Northern Trust (Nasdaq: NTRS) has been selected by Holland College to provide a suite of asset servicing solutions, including custody, investment risk and analytical services, along with benefit payment services. Holland College, located in Prince Edward Island, Canada, has offered industry-focused training for over 50 years. The decision to partner with Northern Trust was influenced by the latter's commitment to technology and security. Holland College's Director of Human Resources commended Northern Trust's service model and user-friendly platforms. Northern Trust aims to enhance its service offerings continually to Holland College, reinforcing its position as a leading provider in asset management and servicing.

Northern Trust recently hosted an event with Irish Guide Dogs for the Blind in Limerick and Dublin, where volunteers and guide dogs showcased their invaluable work. The event featured a donation aimed at training and caring for guide and assistance dogs, which support children with autism and their families. Additionally, Northern Trust has sponsored a puppy named Vinny, who at nine weeks old, will begin his training journey with a puppy raiser. This community engagement highlights the company's commitment to social responsibility and support for essential services provided by guide dogs.

Northern Trust has appointed Patrick G. Mahoney as Senior Managing Director and President for Minnesota. Mahoney, a wealth management veteran with over 25 years of experience, previously served as Market Managing Director at Cresset Capital and led J.P. Morgan’s Private Bank in Minnesota for a decade. His leadership aims to enhance Northern Trust's wealth management services and client delivery. As of December 31, 2022, Northern Trust managed $351.4 billion in assets, underscoring its strong market position.

Northern Trust (Nasdaq: NTRS) has launched the Market Risk Monitor solution to enhance its risk analytics offerings for institutional investors, including pension funds. This new service integrates a comprehensive library of key risk indicators, such as stress tests and value-at-risk measures, accessible through the RADAR digital dashboard. Developed in partnership with Confluence Technologies, the solution provides insights into clients' asset and liability risk profiles. As of December 31, 2022, Northern Trust managed assets totaling US$1.2 trillion and had US$13.6 trillion under custody.

Northern Trust (Nasdaq: NTRS) has announced a collaboration with Appian (Nasdaq: APPN) to enhance the net asset value (NAV) workflow for private capital fund managers. This partnership aims to create a secure digital experience, improving efficiency and data security across the NAV production lifecycle. The new digital portal will allow fund managers to communicate instructions, review documents, and approve actions, reducing reliance on email for sensitive communications. This initiative is part of Northern Trust's broader digital transformation strategy, Whole Office™. As of December 31, 2022, Northern Trust managed assets under administration of US$13.6 trillion.

Northern Trust's Integrated Trading Solutions business has more than doubled since 2020, gaining 22 new clients in 2022 alone. The firm now serves over 90 clients globally, providing essential outsourced trading services to asset managers seeking efficiency. This growth highlights the increased demand for innovative trading solutions that reduce costs and enhance operational efficiency.

As of December 31, 2022, Northern Trust managed assets of US$1.4 trillion and had assets under custody of US$14.8 trillion. The company's continuous investment in technology and global trading expertise positions it as a leader in the financial services sector.

Northern Trust (Nasdaq: NTRS) has been appointed by the Dutch pension scheme, Stichting Pensioenfonds Openbare Bibliotheken (POB), to deliver global custody and compliance monitoring services. POB, established in 1957, manages approximately EUR2.3 billion (about US$2.5 billion) and serves around 25,000 members in the library sector. POB values Northern Trust’s deep understanding of the Dutch pensions sector and its commitment to social responsibility, including employee volunteerism in libraries. Northern Trust has over three decades of experience supporting Dutch clients, aligning its services with evolving pension scheme complexities.

Northern Trust Corporation (NASDAQ: NTRS) announced that it will webcast its Q1 2023 earnings conference call on April 25, 2023, at 8:00 a.m. (CT). The earnings press release and related materials will be accessible on Northern Trust’s website. A replay will be available for approximately four weeks post-call. Northern Trust, founded in 1889 in Chicago, manages assets totaling US$13.6 trillion under custody and US$1.2 trillion under management.