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Northern Trust

NASDAQ: NTRS

Stock price

184.68 USD

(+Infinity%) NaN day

Asset Management & Custody BanksBanks - Diversified

Financial Performance

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5Y price score: 87

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 213.2%

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    118.9

    52-week range

    191.6

    184.68

    Your model inputs

    Required return / cost of capital
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    FCFF terminal growth rate
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    Your fair value & Margin of safety

    To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

    Forecast:

    Valuation

    Free Cash Flow Yield

    Help
    FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

    4.5 %

    Dividend Yield TTM

    1.7 %

    Market cap $

    $ 34,175

    Price / Earnings TTM

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    P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

    19.3

    Price / Book TTM

    2.6

    PEG TTM

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    Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

    (1.8)

    Earnings growth and return

    LTM

    5YR

    10YR

    Total return (price & dividends)

    47.8 %

    76.3 %

    213.2 %

    Free cash flow per share growth

    574.6 %

    352.8 %

    384 %

    Earnings per share growth

    (10.5) %

    60.1 %

    119 %

    Founded: 1,889

    Employees: 23,400

    Business Summary:Northern Trust Corporation, a financial holding company established in 1889 and based in Chicago, Illinois, offers a comprehensive suite of wealth management, asset servicing, asset management, and banking solutions worldwide. Its diverse client base includes corporations, institutions, families, and individual investors. The company structures its operations across two primary segments: Asset Servicing and Wealth Management. The Asset Servicing division delivers a broad spectrum of support and operational services tailored for institutional entities. These services include custody, fund administration, outsourced investment operations, investment management, investment risk and analytical reporting, employee benefit services, securities lending, foreign exchange, treasury management, brokerage, transition management, and banking and cash management solutions. This segment serves corporate and public retirement funds, charitable foundations, endowments, investment managers, insurance companies, sovereign wealth funds, and other major institutional investors. Conversely, the Wealth Management segment is dedicated to high-net-worth individuals, families, business owners, executives, professionals, retirees, and established privately held businesses. Its offerings span trust administration, investment management, custody, philanthropic advisory, financial consulting, guardianship and estate administration, family business consulting, family financial education, brokerage services, and private and business banking. Furthermore, Northern Trust provides extensive asset management capabilities, encompassing active and passive strategies for both equity and fixed income, cash management, and alternative asset classes like private equity and hedge funds of funds. These investment products are delivered via diverse vehicles, including individually managed accounts, bank common and collective funds, registered investment companies, exchange-traded funds, non-U.S. collective investment funds, and unregistered private investment funds. The corporation also offers sophisticated overlay and other risk management services.

    Fair Value Reference Estimate

    Latest Earnings Call Takeaways

    2026 Q1 (Apr 21, 2026)

    1) Strategic Overview and Leadership Insights
    - Northern Trust Corporation reported a strong start to 2026, driven by favorable market conditions and the execution of its One Northern Trust strategy.
    - CEO Michael O’Grady emphasized the importance of AI in enhancing operational efficiency and client engagement, focusing on hyper-personalization, AI-generated alpha, and infinite scalability.
    - The firm aims to increase revenue-generating roles by high single-digit percentages by year-end, particularly in Wealth Management, to support organic growth.

    2) Financial Performance and Segment Results
    - First quarter net income reached $526 million, with earnings per share of $2.71, reflecting a 43% YoY EPS growth.
    - Total revenue increased by 14% YoY, driven by an 11% rise in trust fees and a 15% increase in net interest income.
    - Wealth Management reported $601 million in trust fees (up 11% YoY), while Asset Servicing saw fees of $741 million (up 10% YoY).
    - Average deposits grew 11% YoY, reaching $129 billion, with a notable increase in noninterest-bearing deposits.

    3) Challenges and Headwinds
    - The firm noted that while the current macro environment is favorable, there are uncertainties regarding future market conditions and potential impacts on revenue growth.
    - The effective tax rate decreased to 25%, but the firm anticipates it will remain around 26% to 26.5% for the year.
    - Currency fluctuations had a mixed impact, favorably affecting revenue growth by 120 basis points but unfavorably affecting expense growth by 130 basis points.

    4) Operational and Product Initiatives
    - Northern Trust is expanding its alternatives platform, planning to launch new investment funds and strategies aimed at increasing fundraising by 25%.
    - The firm is enhancing its digital channels, with opportunities from these channels growing by nearly 50% YoY.
    - The Asset Management segment reported $350 billion in AUM for liquidity products, continuing a streak of positive flows for 13 consecutive quarters.
    - The introduction of tokenized share classes and a new Saudi Arabia equity index strategy reflects the firm’s commitment to innovation in asset management.

    5) Guidance and Outlook
    - Northern Trust expects net interest income to grow by mid- to high single digits for the full year, an upgrade from previous guidance.
    - The firm aims to maintain over 100 basis points of positive operating leverage and continue returning at least 100% of earnings to shareholders.
    - The call did not provide specific guidance on future deposit levels or the impact of potential regulatory changes on capital management.

    Bottom line: Northern Trust's robust Q1 2026 performance, driven by strategic investments and favorable market conditions, positions it well for continued growth. The focus on AI and expanding service offerings, coupled with strong financial metrics, supports a positive outlook for shareholders, despite potential macroeconomic uncertainties.

    Annual Reports, Presentations And IR Contacts

    Go to the website
    Annual report links (10K)
    2025202420232022202120202019201820172016

    Northern Trust — Financial Overview, Stock Price, Market Cap

    Northern Trust is a company. Founded in 1889. As of July 20, 2026, the company's market capitalization is $34174527607 with a current stock price of $184.68.