Northern Trust Newsroom
September 16, 2019
The European Central Bank announced aggressive moves last week to fight slow growth and low inflation. Chief Investment Strategist EMEA & APAC Wouter Sturkenboom gives our take on what this means for investors globally.
September 13, 2019
Can central banks mitigate the effect of trade conflicts?
Press ReleasesExplore our press release archive for story ideas, fact-checking, research or data.
September 18, 2019
Northern Trust Corporation (Nasdaq: NTRS) announced today that Chief Financial Officer S. Biff Bowman will step down from his role as CFO effective January 1, 2020, and retire from Northern Trust on February 28, 2020.
June 17, 2019
The conference call will be conducted on July 24.
Michael G. O'Grady
Chairman, President and Chief Executive Officer
Steven L. Fradkin
President, Wealth Management
Peter B. Cherecwich
President of Asset Servicing
Shundrawn A. Thomas
President, Asset Management
As of June 30 2019, Northern Trust Corporation had:
$11.3trillion assets under custody/administration
$8.5trillion in assets under custody
$1.2trillion in assets under management
$127billion in banking assets
NORTHERN TRUST CORPORATION REPORTS SECOND QUARTER NET INCOME OF $389.4
MILLION, EARNINGS PER COMMON SHARE OF $1.75
“Northern Trust performed well in the second quarter of 2019 despite the impact of a mixed global macroeconomic environment. Net income was flat versus the prior-year quarter and improved 12% on a sequential-quarter basis, as revenue grew 2% and expense declined by 2%. We continued to have success in generating organic growth across our businesses, while also driving improved efficiencies. We generated a return on common equity of 15.9% during the quarter and returned $402 million to common shareholders through dividends and the repurchase of 2.9 million shares. During the quarter we announced our 2019 Capital Plan actions, which include increasing our quarterly dividend by 17% to $0.70 per share and the flexibility to repurchase up to $1.4 billion of common stock. We believe the capital distributions included in our plan demonstrate the strength of Northern Trust’s focused business model and balance sheet, as well as our commitment to shareholders,” said Michael O’Grady, Chairman and Chief Executive Officer.
Q2 Earnings Report
Second Quarter 2019 Earnings - Wednesday, July 24th at 9am CT
Q2 Trends Report
Second Quarter 2019 Trends - Wednesday, July 24th 2019
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