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Welcome to the Northern Trust Newsroom
Explore our press release archive for story ideas, financial research or data.
As of June 30 2024, Northern Trust Corporation had:
$16.6trillion assets under custody/administration
$13.0trillion in assets under custody
$1.5trillion in assets under management
$157billion in banking assets
NORTHERN TRUST CORPORATION REPORTS SECOND QUARTER NET INCOME OF $896.1 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $4.34
“Northern Trust executed well against our strategic priorities in the second quarter. Trust fees grew 6% over the prior year, deposit levels proved resilient, and core expenses were well-managed. Reported results included approximately $200 million in restructuring charges and other notable items, reflecting, in part, continued steps we are taking to optimize our cost base and drive efficiencies. In the quarter, we participated in Visa’s Class B common stock exchange offer, leading to a nearly $900 million gain and helping to drive our CET1 ratio to 12.6%. With the proceeds, we are contributing $70 million to our foundation and making important investments in our client franchise and enterprise resiliency, all while returning $405 million to shareholders. We enter the second half of the year on solid footing, focused on accelerating growth and improving our productivity.”
Q2 Earnings Report
Second Quarter 2024 Earnings – Wednesday, July 17th at 8:30 a.m. (CT)
Q2 Trends Report
Second Quarter 2024 Earnings – Wednesday, July 17th at 8:30 a.m. (CT)
Michael O'Grady is Chairman and Chief Executive Officer of Northern Trust, a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.
Jason Tyler is an Executive Vice President and Chief Financial Officer of Northern Trust and a member of the corporation’s Management Group.
Pete is an Executive Vice President and a member of Northern Trust’s Management Group in Chicago. Pete currently serves as the President of Northern Trust Asset Servicing.
Steven L. Fradkin currently serves as President of the Wealth Management business unit at Northern Trust and has been a member of the Corporation’s Management Committee since 2004.
Daniel is President of Northern Trust Asset Management (NTAM), one of the world’s largest investment managers with approximately $1 trillion of assets under management.
Mark C. Gossett is Executive Vice President and Chief Risk Officer at Northern Trust, a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. He is a member of the corporation’s Management Group.
Jane Karpinski is an Executive Vice President at Northern Trust and Global Head of Regulatory Affairs, a role she assumed in December 2023.
Susan C. Levy is Executive Vice President and General Counsel of Northern Trust, a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. She is a member of the corporation’s Management Group.
Teresa Parker is president for EMEA, responsible for Northern Trust’s business and regulatory affairs in the region. Teresa also sits on Northern Trust Corporation’s Management Group.
Thomas A. South is an Executive Vice President at The Northern Trust Company, Chicago. Tom was appointed Executive Vice President, Chief Information Officer in September 2018, responsible for the global strategic vision and execution for Information Technology in support of the business functions to deliver the technology capabilities and solutions.
Alex Taylor is an Executive Vice President and the Chief Human Resources Officer for Northern Trust.
EMEA & APAC Media Contacts
Camilla Greene
London
+44 (0) 20 7982 2176
Simon Ansell
London
sa777@ntrs.com