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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.
Pete is an executive vice president and the bank's chief operating officer, a role he assumed in October 2024.
Steve is vice chairman of Northern Trust with responsibility for the operationalization of the corporation’s One Northern Trust growth strategy, one of three corporate-wide priorities, in addition to managing other strategic initiatives.
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.
Clive Bellows is president for Europe, Middle East and Africa (EMEA), responsible for Northern Trust’s business and regulatory affairs in the region. He is also a member of Northern Trust Corporation’s Management Group.
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 is an executive vice president and serves as president of Northern Trust’s Asset Servicing business, where she oversees services for sophisticated institutional clients globally.
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 is an executive vice president and the Chief Administrative Officer for Northern Trust.
Jason is an executive vice president and president of Wealth Management, which offers holistic wealth management services for affluent individuals, families, family offices, foundations, endowments and privately held businesses.
EMEA & APAC Media Contacts
Camilla Greene
London
+44 (0) 20 7982 2176
Simon Ansell
London
sa777@ntrs.com