NTRSP - Northern Trust Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
25.42
+0.06 (+0.24%)
At close: 4:00PM EDT
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Previous Close25.36
Open25.36
Bid0.00 x 1200
Ask0.00 x 1800
Day's Range25.36 - 25.42
52 Week Range24.31 - 27.34
Volume15,823
Avg. Volume25,125
Market Cap19.93B
Beta (3Y Monthly)0.02
PE Ratio (TTM)3.88
EPS (TTM)6.55
Earnings DateN/A
Forward Dividend & Yield1.46 (5.77%)
Ex-Dividend Date2019-06-13
1y Target EstN/A
Trade prices are not sourced from all markets
  • Barrons.com4 days ago

    5 Stocks Poised to Raise Their Dividends Next Week

    Goldman Sachs, Morgan Stanley, and three other companies are among those expected to announce dividend increases next week, according to IHS Markit.

  • Financial Times13 days ago

    Woodford cash calls raise doubts over £150m Northern Trust loan

    Neil Woodford is facing further cash calls from his investment companies, raising doubts over his ability to repay a £150m overdraft facility from Northern Trust, the Chicago-based bank. After maxing out the overdraft in December, the board of Woodford Patient Capital Trust said last week that its borrowings had fallen from £149.97m at the end of last year to £126m on June 26 and it planned to cut the level to £75m within six months and to practically nothing within 12 months.

  • 3 Bank Stocks Set to Win Big From New Financial Rules
    Investopedia21 days ago

    3 Bank Stocks Set to Win Big From New Financial Rules

    In March 2008, Bear Stearns nearly collapsed. Then the financial crisis happened. Then financial regulation was heightened. A decade later, and the Senate Banking Committee is already trying to relax those very same regulations with a new bill that is headed to the Senate for a vote.

  • Bloomberg22 days ago

    BofA, PNC Seen as Stress-Test Winners, Capital One as Losing

    (Bloomberg) -- The first round of the latest Federal Reserve stress tests, released last Friday after the market closed, was well received by Wall Street analysts, who said the results generally topped expectations.Bank of America Corp., PNC Financial Services Group and trust banks BNY Mellon Corp., Northern Trust Corp. and State Street Corp. were seen as relative winners, while the Fed’s harsh view of credit cards led to disappointment for Capital One Financial Corp.All eyes now turn to Thursday’s Comprehensive Capital Analysis and Review, known as CCAR, for banks’ capital plans.The biggest banks were mixed in early Monday trading, with BofA rising as much as 0.4%, Citigroup Inc. gaining as much as 0.2%, Goldman Sachs Group Inc. rallying as much as 1.2%, Wells Fargo & Co. dropping as much as 1% and JPMorgan Chase & Co. up 0.2%.Here’s a sample of the latest commentary:Morgan Stanley, Betsy GraseckAn “easier stress test is a positive for this week’s more important CCAR test,” Graseck wrote in a note. All 11 of Morgan Stanley’s covered banks passed, with Northern Trust, Goldman Sachs Group Inc., State Street, BNY Mellon, and Citigroup screening well versus Morgan Stanley’s capital return expectations. Capital One is most at risk.Citi, Keith HorowitzThe results offer a “green light for higher capital return for most banks,” Horowitz wrote in a note. He forecasts a total payout of 103% versus 97% last year, as banks look to be “on solid footing” on the Dodd-Frank Act stress test (DFAST) results.Citi views State Street Corp., PNC Financial Services Group, Northern Trust Corp., Bank of America Corp. and BNY Mellon Corp. as among those best positioned to exceed Street payouts. The results also imply that Capital One’s total payout will improve, though there’s risk buybacks will trail consensus estimates.Goldman, Richard RamsdenResults were “modestly better than expected,” as loss rates improved across trading and all loan categories, except for card and other consumer lending, Ramsden said in a note. Banks, with the possible exception of Capital One, look to be able to meet consensus estimated payouts.Goldman attributes increased card losses to “higher stress to unemployment relative to last year, as well as higher stress on subprime card due to a Fed methodology change.” Commercial real estate loss rates were most improved, though in-line with the 2016-2017 average loss rate. Trading losses fell across the banks to $80 billion from $105 billion, with State Street and BofA seeing the biggest improvement.Credit Suisse, Susan Roth Katzke“Manageable stress” for large-cap U.S. banks means that “more manageable stress capital buffers should follow,” Katzke wrote in a note. DFAST results indicate banks “have sufficient capacity for expected capital returns.”JPMorgan, Vivek JunejaThe results show an “increase in capital cushion at most of the large U.S. banks, and all of our banks remain well positioned to continue to return sizable amounts of capital.”Bloomberg Intelligence, Alison Williams, Neil Sipes“A solid pass across the largest U.S. banks, including units of foreign banks, in annual Dodd Frank Act stress tests should generally support payout plans, in our view. U.S. banks stressed capital ratios held above required minimums for participating banks. Stressed CET1 ratios were broadly better than in year-ago tests -- with the exceptions being Northern Trust and the U.S. unit of UBS.”Atlantic Equities, John HeagertyThe results “once again underline the robustness of the large U.S. banks’ balance sheets,” Heagerty wrote in a note. BofA “appears to do very well in 2019,” while Goldman also fared better than last year. “With these results, it’s difficult to see any objections arising to submitted capital returns.”KSP Research, Kevin St. PierreThe results were better than expected, with “widespread improvement in minimum CET1 ratios and sizeable cushions to allow for consensus capital return expectations,” St. Pierre wrote in a note.St. Pierre called Wells Fargo, BofA and PNC “relative winners,” as each saw “significant increases in CET1 minimums and large buffers to accommodate above-consensus capital return if they were aggressive in their ask.” Capital One was “the relative loser,” due to the Fed’s harsh view on cards.Recommends buying bank stocks, as they’re “a compelling value,” while cautioning that “investing around CCAR results has been ineffective.”Macquarie, David KonradU.S. banks under Macquarie coverage “performed well,” with higher minimum capital levels in every category except the leverage ratio for Wells Fargo. Lower loan loss rates and trading losses helped to improve capital ratios, while assumed growth rates in RWAs (risk-weighted assets) were lower. Trading and counter-party losses dropped, led by an “abnormally large” decline for BofA.Sees potential upside for Goldman Sachs and PNC with CCAR, while BofA and Wells Fargo “also shine.” Those two have the most excess capital above stressed requirements, and may report the strongest buybacks, with a total payout ratio of 146% for Wells and 112% for BofA.RBC, Gerard CassidyDFAST demonstrated that “under a supervisory severely adverse economic scenario ... the U.S. banking industry’s capital levels can withstand massive losses and still remain above well capitalized levels.”KBW, Brian KleinhanzlThe results were “less stressful than the prior year,” as banks “saw stress losses declining and modest improvements in net income before taxes.” As a result, only one bank, JPMorgan Chase & Co., “seems at risk of not meeting our capital return expectations.”KBW expects “fewer surprises in CCAR results on Thursday, which is a modest positive for the group overall.”Raymond James, David LongLong sees BNY Mellon and State Street as winners, “given the wide spread between their projections and the Fed’s.” He also sees BofA as a winner, as their results pave the way for them to increase the dividend payout closer to peers, and as “stock repurchases remain an attractive use of capital at current levels.”(Updates share trading in fourth paragraph.)To contact the reporter on this story: Felice Maranz in New York at fmaranz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Low Rates World Has Northern Trust Banking On Stocks
    Bloomberg25 days ago

    Low Rates World Has Northern Trust Banking On Stocks

    (Bloomberg) -- Northern Trust Corp. is putting more of its $1.2 trillion stockpile into equities, on the expectation that lower interest rates will ensure that the U.S. economy avoids a recession and keep profit margins high.The firm is now heavily tilted in favor of stocks and high-yield bonds after last week increasing exposure to listed companies around the world, said Bob Browne, Northern Trust’s chief investment officer. Despite rallies that took gauges of U.S. equities and corporate bonds to record highs this week, there’s more money to be made as the Federal Reserve slashes borrowing costs by an expected 75 basis points this year, he said.“We’re in a low-rate, low-growth world,” said Browne, who’s been managing funds since the late 1980s. “The U.S. is a good place to have risk.”Since dialing back risk levels at the end of September, Northern Trust ramped up exposure again in January. The firm now has about 100 basis points of what it calls “active risk,” which is less than at the start of 2018 but still strongly tilted to risk assets, he said.Read how some believe it is too late to be bullish on equities“The preference is for an economy that continues to grow, where we think operating margins will remain high, that will avoid a recession,” Browne said in the interview in Sydney Thursday. “That makes us comfortable with having credit exposure and risk exposure overall. Despite trade risk -- a notable exception -- it’s supported by a pro-business, pro-risk president.”Even so, earnings gains may be unspectacular. Northern Trust expects U.S. growth at 1.6% to 1.7% and inflation at less than 2% over the next five years. That means just 5% average annual earnings growth, he predicts.To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Joanna OssingerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Northern Trust (NTRS) Q1 2019 Earnings Call Transcript
    Motley Fool3 months ago

    Northern Trust (NTRS) Q1 2019 Earnings Call Transcript

    NTRS earnings call for the period ending March 31, 2019.

  • Reuters3 months ago

    MOVES-Northern Trust Names Melíosa O'Caoimh as head of Ireland business

    Asset manager Northern Trust Corp on Tuesday named Melíosa O'Caoimh as head of its business in Ireland. O'Caoimh, who joined the firm in 2003, will be in charge of all asset servicing business activities ...

  • ETF.com4 months ago

    Inside ETFs: Behind FlexShares’ ETF Success

    Northern Trust’s Darek Wojnar breaks down how the firm goes about product development.

  • Benzinga6 months ago

    Raymond James Downgrades Northern Trust On Outlook Concerns

    Although Northern Trust Corporation (NASDAQ: NTRS ) reported a fourth-quarter EPS and revenue beat, Raymond James downgraded the stock and reduced its estimates for the company to reflect a higher expense ...

  • Northern Trust Corp (NTRS) Q4 2018 Earnings Conference Call Transcript
    Motley Fool6 months ago

    Northern Trust Corp (NTRS) Q4 2018 Earnings Conference Call Transcript

    NTRS earnings call for the period ending December 31, 2018.

  • See what the IHS Markit Score report has to say about Northern Trust Corp.
    Markit7 months ago

    See what the IHS Markit Score report has to say about Northern Trust Corp.

    Northern Trust Corp NASDAQ/NGS:NTRS

  • Why Is Northern Trust (NTRS) Up 4.7% Since Last Earnings Report?
    Zacks8 months ago

    Why Is Northern Trust (NTRS) Up 4.7% Since Last Earnings Report?

    Northern Trust (NTRS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • China trade deal by year end not priced into the markets?
    Fox Business Videos8 months ago

    China trade deal by year end not priced into the markets?

    Northern Trust Wealth Management CIO Katie Nixon on the U.S. trade negotiations with China and the state of the retail sector.