Northern Trust Stock Price, News & Analysis

Northern Trust, managing US$1.2 trillion in assets, anticipates a turbulent 2023 amid global economic challenges. Although inflation pressures are easing and central banks may pause rate hikes, market volatility is expected to persist. Chief Investment Officer, Angelo Manioudakis, highlights the tension between weak global growth and improved investor sentiment. The firm's 2023 Outlook identifies investment themes like 'Slow Growth Transitions' that will impact asset allocation. High yield bonds are favored in fixed income, while equities face volatility due to disappointing growth.

Northern Trust (NASDAQ: NTRS) released its second annual Business Owner Benchmark survey, revealing insights from over 150 business owners. Key findings show that 32% of respondents do not plan to retire, preferring to stay actively involved in business. Despite 90% having estate plans, a third haven't updated them recently. Post-sale, 37% reported improved lives, yet 59% expressed concerns about buyer treatment of employees. The survey highlights the significance of proactive wealth planning and estate management for entrepreneurs.

Northern Trust announced the appointments of Steven Reydel and Michael McMaster as heads of North America Fund Accounting and Fund Administration, respectively. Reydel, with 20 years of experience, will focus on establishing the Global Fund Services (GFS) business in Boston, while McMaster brings over 25 years of expertise, having previously worked at Northern Trust. Their leadership is expected to enhance client services and operational efficiency in response to market needs.

Northern Trust Corporation (NASDAQ: NTRS) will host a live webcast of its fourth quarter 2022 earnings conference call on January 19, 2023, at 8:00 a.m. CT. This follows the release of its earnings press release on the same day. Interested parties can access the earnings press release and related presentation materials through Northern Trust’s website. Established in 1889, Northern Trust provides wealth management, asset servicing, and banking services globally, managing assets worth $12.8 trillion under custody and $1.2 trillion in assets under management as of September 30, 2022.

Northern Trust Asset Management (NTAM) has released its 2022 edition of “The Risk Report,” analyzing 280 institutional equity portfolios totaling over US$250 billion. The report highlights six common drivers of unintended investment results, including an excess of uncompensated risks compared to compensated risks. Active risk is necessary for excess returns, but the report shows institutions faced a challenging market with overlapping strategies diluting expected performance. Key findings underscore the need for better risk management in asset allocation.

Northern Trust has appointed Monica Safapour as the new Market President for the Santa Barbara office, tasked with enhancing client service and growing the Wealth Management platform. Previously, Safapour led estate settlement services in the West Region and has extensive experience, including a role at Wells Fargo Private Bank. Her leadership is expected to bring fresh perspectives and drive business growth. The company manages $336.2 billion in assets as of September 30, 2022, indicating a robust foothold in the wealth management sector.

Northern Trust Asset Management (NTAM) has expanded its Minority Broker Program from 11 to 16 minority-owned broker-dealers, enhancing its commitment to diversity and inclusion. This program, initiated in 2007, selects firms based on execution capabilities and performance. As of June 30, 2022, NTAM has invested approximately $5.7 billion with 21 minority-owned investment managers. The firm received a 100% score in the Disability Equality Index and is recognized for its diversity efforts. NTAM aims to ensure high service levels through rigorous selection processes among brokers.