Northern Trust Stock Price, News & Analysis

Northern Trust Corporation (NASDAQ: NTRS) announced its fourth quarter 2022 financial results, with a conference call scheduled for January 19, 2023, at 8:00 a.m. CT, available via webcast on their website. The company reported assets under custody/administration of US$13.6 trillion and assets under management of US$1.2 trillion as of December 31, 2022. Established in 1889 in Chicago, Northern Trust provides wealth management, asset servicing, and banking services globally, with a strong focus on exceptional service and financial expertise.

Northern Trust Corporation (NASDAQ: NTRS) has announced a quarterly cash dividend of $0.75 per share on its common stock, payable on April 1, 2023. Record date for this dividend is March 10, 2023, 5:00 p.m. Chicago time. Additionally, it declared cash dividends of $2,300 for Series D preferred stock and $293.75 for Series E preferred stock, each payable on April 1, 2023, with record dates of March 15, 2023. Northern Trust, a leading provider in wealth management and financial services, reported assets under custody of US$12.8 trillion and assets under management of US$1.2 trillion as of September 30, 2022.

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.