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2020 Annual Report: True North
As of June 30 2021, Northern Trust Corporation had:
$15.7trillion assets under custody/administration
$12.2trillion in assets under custody
$1.5trillion in assets under management
$172billion in banking assets
NORTHERN TRUST CORPORATION REPORTS SECOND QUARTER NET INCOME OF $368.1
MILLION, EARNINGS PER DILUTED COMMON SHARE OF $1.72
“Northern
Trust’s performance in the second quarter reflected continued strong momentum
across all of our businesses. Revenue and net income grew by 5% and 18%, respectively,
compared to the prior year, and we generated a return on average common equity of
13.7%. Revenue growth was driven by new business and favorable markets against the
adverse impact of low interest rates. Trust, investment and other servicing fees grew
12% and were partially offset by a 9% decline in net interest income. Expense increased
8%, driven primarily by new business, investments in technology, unfavorable currency
translation and a pension settlement charge. Similar to the prior quarter, we also
benefited from an improved outlook in projected economic conditions driving a release
of reserves for credit losses. We continued to focus on serving our clients, executing
on our long-term priorities, driving operating efficiency and investing wisely for
future profitable growth.””
Q2 Earnings Report
Second Quarter 2021 Earnings – Wednesday, July 21st at 9:00am CT
Q2 Trends Report
Second Quarter 2021 Earnings – Wednesday, July 21st at 9:00am CT
July 26, 2021
Since February, stocks of higher financial quality — those with stronger profitability, cash flows and balance sheets — have outperformed lower quality stocks by more than 500 basis points. Head of Quantitative Strategies Michael Hunstad, Ph.D., explores the reasons behind the quality recovery and what it means for investors.
July 12, 2021
The 10-year Treasury yield recently dropped to its lowest level in five months. More broadly, the yield has fallen close to 50 basis points since the end of the first quarter. What’s behind this? Our director of short duration fixed income, Peter Yi, explains.
EMEA & APAC Media Contacts
Camilla Greene
London
+44 (0) 20 7982 2176
Marcel Klebba
London
+44 (0) 20 7982 1994