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Northern Trust Newsroom

View from our Experts

Recent articles, multimedia or perspectives from our experts below. For information about a specific topic, see media contacts below.

Peter Yi

Money markets surged to a record $4.7 trillion in mid-May, but assets have slowly leaked out by nearly 5% since then. Peter Yi, director of short duration fixed income, gives our take.

The U.S. and EU deliberate how to disburse aid, China’s recovery carries risks, and U.S. mortgage rates find a floor.

Press Releases

Explore our press release archive for story ideas, fact-checking, research or data.

Executive Biographies

Michael G. O'Grady

Michael G. O'Grady

Chairman, President and Chief Executive Officer
Steven L. Fradkin

Steven L. Fradkin

President, Wealth Management
Peter B. Cherecwich

Peter B. Cherecwich

President of Asset Servicing
Shundrawn A. Thomas

Shundrawn A. Thomas

President, Asset Management

Fast Facts


As of June 30 2020, Northern Trust Corporation had:

$12.1trillion assets under custody/administration

$9.3trillion in assets under custody

$1.3trillion in assets under management

$151billion in banking assets

NORTHERN TRUST CORPORATION REPORTS SECOND QUARTER NET INCOME OF $313.3 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $1.46
“Northern Trust’s performance in the second quarter of 2020 resulted in revenue consistent with the prior year, diluted earnings per share of $1.46, and a return on average common equity of 12.2%. Non-interest-related revenue grew 4% compared to the prior year and offset an 11% decline in net interest income reflecting the low interest rate environment. Expense in the quarter increased 3% from the prior year. As announced yesterday, our Board of Directors maintained our dividend of $0.70 per share for the third quarter, reflecting the strength of our capital position and balance sheet. We continue to focus on serving the needs of our clients, the communities of which we are a part and our employees as we navigate the ongoing pandemic and related environment. As a part of this effort, during the quarter we announced a commitment to provide $20 million over 5 years to expand access to resources that address essential human needs, including food, housing, healthcare and education, to bridge the gap that threatens the broader prosperity of our society. We will continue to work closely with the communities we serve through philanthropic contributions, community investments and employee volunteer service,” said Michael O’Grady, Chairman and Chief Executive Officer.

Recent Earnings and Trends


Q2 Earnings Report

Second Quarter 2020 Earnings – Wednesday, July 22nd at 9:00am CT

Q2 Trends Report

Second Quarter 2020 Earnings – Wednesday, July 22nd at 9:00am CT

Global Media Contacts

Doug Holt

Head of Global Corporate Communications
Chicago

+1 (312) 557-1571

North America Media Contacts

Alaina Kleinman

Wealth Management Media Relations
Chicago

+1 (312) 444-4065

John O'Connell

Asset Servicing Media Relations
Chicago

+1 (312) 444-2388

Tom Pinto

Asset Management Media Relations
New York

+1 (212) 339-7288

EMEA & APAC Media Contacts

Camilla Greene

Head of Media Relations, EMEA & APAC
London

+44 (0) 20 7982 2176

Marcel Klebba

Media Relations, EMEA & APAC
London

+44 (0) 20 7982 1994

 

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