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Northern Trust Corp (NTRS.O)

NTRS.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Northern Trust Corporation reports third quarter net income of $298.4 million
Wednesday, 18 Oct 2017 07:30am EDT 

Oct 18 (Reuters) - Northern Trust Corp :Northern Trust Corporation reports third quarter net income of $298.4 million, earnings per common share of $1.20.Q3 earnings per share $1.20.Q3 earnings per share view $1.12 -- Thomson Reuters I/B/E/S.Northern Trust Corp qtrly return on average common equity was ‍12.2%​ versus 11.6% in Q2.Northern Trust Corp - total assets under management at quarter-end $‍1,125.1​ billion versus $1,028.8 billion at Q2-end.Northern Trust Corp - qtrly net interest income on FTE basis $ 366.2 million versus $310.1 million.Northern Trust Corp qtrly ‍total revenue on FTE basis was $1,357.2 million versus $1,220.7 million​.Q3 revenue view $1.34 billion -- Thomson Reuters I/B/E/S.Northern Trust Corp - quarter end advanced approach common equity tier 1 ratio 13.3 percent versus 13.2 percent at Q2 end.Northern Trust - ‍with 'value for spend' initiative, plan to reduce expense run-rate by approximately $250 million by 2020​.  Full Article

Northern Trust names Michael G. O'Grady CEO effective January 1, 2018
Tuesday, 17 Oct 2017 04:05pm EDT 

Oct 18 (Reuters) - Northern Trust Corp :Northern Trust names Michael G. O'Grady chief executive officer, effective January 1, 2018.Northern Trust Corp - Frederick Waddell, chairman and chief executive officer, will be stepping down from his role as CEO on January 1, 2018​.Northern Trust Corp - ‍Waddell, who has served as chief executive officer since January 2008, will remain as chairman of board.  Full Article

Northern Trust files for potential mixed shelf offfering
Monday, 31 Jul 2017 05:09pm EDT 

July 31 (Reuters) - Northern Trust Corp -:Files for potential mixed shelf offfering; size not disclosed - sec filing.  Full Article

Northern Trust Corp reports Q2 earnings of $1.12 per share
Wednesday, 19 Jul 2017 07:30am EDT 

July 19 (Reuters) - Northern Trust Corp :Northern Trust Corporation reports second quarter net income of $267.9 million, earnings per common share of $1.12.Q2 earnings per share $1.12.Q2 earnings per share view $1.23 -- Thomson Reuters I/B/E/S.Qtrly total revenue (FTE*) $1.33 billion versus $1.32 billion.Q2 revenue view $1.33 billion -- Thomson Reuters I/B/E/S.Qtrly net interest income (FTE*) $350.4 million, up 14 percent.Quarter end ‘advanced approach’ common equity tier 1 ratio 13.2 percent versus 12.9 percent at Q1 end .Quarter-End total assets under management $1.03 trillion versus $1.00 trillion March quarter-end.Current quarter included expense charges of $22.8 million associated with severance and related activities.Excluding items, qtrly return on average common equity 12.2 percent versus 11.9 percent.  Full Article

Northern Trust requests authority to increase qtrly common stock dividend
Wednesday, 28 Jun 2017 04:50pm EDT 

June 28 (Reuters) - Northern Trust Corp ::Northern Trust - pursuant to its 2017 capital plan, co requested authority to increase quarterly common stock dividend to $0.42/share from $0.38/share.Northern Trust Corp - 2017 capital plan provides with flexibility to repurchase up to $750 million of common stock between July 2017 and June 2018.  Full Article

Northern Trust wins GB£6.7 bln mandate from Northern Ireland Local Government Officers’ Superannuation Committee
Thursday, 27 Apr 2017 05:26am EDT 

April 27 (Reuters) - Northern Trust Corp ::Northern trust wins GB£6.7 billion mandate from Northern Ireland Local Government Officers’ Superannuation Committee.Appointed by Northern Ireland Local Government Officers' Superannuation Committee to provide services for GB£6.7 billion in pension fund assets.  Full Article

Northern Trust says Q1 earnings per share $1.09
Tuesday, 25 Apr 2017 07:30am EDT 

April 25 (Reuters) - Northern Trust Corp : :Quarter end advanced approach common equity tier 1 ratio 12.9 percent versus 11.6 percent .Northern Trust Corporation reports first quarter net income of $276.1 million, earnings per common share of $1.09.Q1 earnings per share $1.09.Q1 earnings per share view $1.07 -- Thomson Reuters I/B/E/S.Northern Trust - Assets under custody/administration and assets under management ended the quarter up 13% and 11%, respectively, compared to a year ago.Qtrly return on average common equity was 11.6% versus 11.9% in Q4 2016.  Full Article

Northern Trust hires head of global fund services sales for UK
Thursday, 16 Mar 2017 06:03am EDT 

Northern Trust Corp : Northern Trust hires head of global fund services sales for the UK . Northern Trust Corp says appointed Katharine Morris as head of sales of its global fund services business in United Kingdom .Northern Trust Corp says Morris joins Northern Trust from HSBC Securities servicing where she was head of UK sales.  Full Article

Northern Trust to acquire fund services units of UBS in Luxembourg and Switzerland
Monday, 20 Feb 2017 01:00am EST 

Ubs Group AG : Northern Trust to acquire fund services units of UBS in Luxembourg and Switzerland . UBS Group -Entered agreement for Northern Trust to acquire UBS asset management's fund administration servicing units in Luxembourg and Switzerland. . Goldman Sachs International served as financial advisor to Northern Trust on transaction. . Transaction is expected to close in second half of 2017 .UBS - Upon completion of deal , Northern Trust will become fund administration services provider for funds with approximately CHF420 billion in assets.  Full Article

Northern Trust posts Q4 earnings per share $1.11
Wednesday, 18 Jan 2017 07:30am EST 

Northern Trust Corp : Northern Trust Corporation reports fourth quarter net income of $266.5 million, earnings per common share of $1.11 . Q4 earnings per share $1.11 . Q4 earnings per share view $1.12 -- Thomson Reuters I/B/E/S . Northern Trust Corp says qtrly return on average common equity was 11.9 pct versus. 11.71 pct in q3 2016 . Qtrly total assets under management $942.4 billion versus $945.8 last quarter . Northern Trust - assets under custody and under management were higher for the quarter primarily driven by higher markets . Quarter end advanced approach common equity tier 1 ratio 12.4 percent versus 11.8 percent at Q3 end .Northern Trust Corp says qtrly revenue on a FTE basis $1,246.4 million versus. $1,163.3 million last year.  Full Article

MOVES-Asset manager Northern Trust names new COO for EMEA, APAC

Nov 13 Northern Trust Asset Management said on Monday it has appointed Martha Fee as its chief operating officer for Europe, Middle East, Africa (EMEA) and Asia-Pacific (APAC).