Media Resources
Northern Trust Newsroom
June 1, 2020
The impact of the Coronavirus crisis has not affected stocks across the capitalization spectrum equally. This has resulted in market concentration levels we haven’t seen since the 1970s. Head of Quantitative Strategies Michael Hunstad, Ph.D., explains what this means for investors.
May 29, 2020
Faster actions are better in fiscal policy, but that’s not the case for China’s foreign policy.
May 28, 2020
Open Architecture Whole Office Ecosystem Delivers Integrated Middle Office Operations alongside Strategy and Trading, Data and Digital, and Analytical Solutions to Institutional Clients
As of March 31 2020, Northern Trust Corporation had:
$10.9trillion assets under custody/administration
$8.3trillion in assets under custody
$1.1trillion in assets under management
$162billion in banking assets
NORTHERN TRUST CORPORATION REPORTS FIRST QUARTER EARNINGS PER DILUTED COMMON
SHARE OF $1.55, RETURN ON AVERAGE COMMON EQUITY OF 13.4%
“The
ongoing pandemic has brought health and economic challenges on an unprecedented global
scale,” said Michael O’Grady, Chairman and Chief Executive Officer. “Our
focus during this time has been on the safety of our staff, serving our clients, and
supporting our communities. We have maintained mission critical services to our clients
even as we transitioned the vast majority of our staff to a remote work environment.
We have also continued our long-standing focus on supporting our communities, including
facilitating loans through the Small Business Administration Paycheck Protection Program
and providing philanthropic support to several nonprofit organizations around the
world, beginning with those focused on immediate healthcare, food, and other humanitarian
relief efforts.
Our performance this quarter generated revenue growth
of 7%, earnings per share growth of 5%, and a return on average common equity of 13.4%.
Our results for the quarter reflected the momentum we carried coming into the year,
with the quarter’s performance only partially impacted by the pandemic. Turbulent
times such as these show the importance of a strong capital base and liquidity profile
to continue to support the activities of our clients. We are grateful for the dedication,
professionalism and commitment our employees around the world have displayed in coming
together to serve our clients and communities,” said Michael O’Grady,
Chairman and Chief Executive Officer.
Q1 Earnings Report
First Quarter 2020 Earnings – Tuesday, April 21st at 8:00am CT
Q1 Trends Report
First Quarter 2020 Earnings – Tuesday, April 21st at 8:00am CT
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