Northern Trust Stock Price, News & Analysis

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.

Equity Data Science, Inc. has partnered with FinX Capital Markets to integrate global multi-asset reference data into its investment process management (IPM) solutions. This collaboration enhances EDS's offering by providing clients with industry-standard analytics for fixed income, derivatives, and crypto. New features include valuation, cash flow, risk measurement, and stress testing, allowing clients to seamlessly manage their portfolios on a single platform. Notably, Northern Trust invested in EDS in 2021, strengthening its commitment to providing data-driven insights for optimal investment decisions.

Northern Trust (NASDAQ: NTRS) has partnered with Saphyre to automate the account opening process for its investment manager clients, enhancing its Investment Operations Outsourcing (IOO) services. This cloud-based application utilizes Saphyre's AI technology to streamline operations, allowing for increased efficiency and transparency in account management tasks. The rollout will extend to all Investment Operations clients over the coming year, promoting reduced errors and improved communication among market participants. Northern Trust currently holds over $12.8 trillion in assets under custody.

Northern Trust Corporation (NASDAQ: NTRS) has announced that Chairman and CEO Michael O’Grady, along with CFO Jason Tyler, will participate in the Goldman Sachs 2022 US Financial Services Conference in New York City on December 6, 2022, at 4:20 p.m. ET. Investors can access a live webcast on their website in the investor relations section, with a replay available for four weeks post-event. As of September 30, 2022, Northern Trust managed $1.2 trillion in assets and had $12.8 trillion in assets under custody, underscoring its status as a leader in the wealth management and asset servicing sectors.