Northern Trust (NTRS) Tops Q1 EPS by 6c

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Northern Trust Corporation Reports First Quarter Net Income of $241.8 Million, Earnings Per Common Share of $1.01

April 19, 2016 7:35 AM EDT

Earnings Per Common Share Increased 7% over the Prior-Year Quarter

Return on Average Common Equity of 11.4%

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation today reported first quarter net income per diluted common share of $1.01, compared to $0.94 in the first quarter of 2015 and $0.99 in the fourth quarter of 2015. Net income was $241.8 million, compared to $230.7 million in the prior-year quarter and $239.3 million in the prior quarter. Return on average common equity was 11.4%, compared to 11.3% in the prior-year quarter and 11.1% in the prior quarter.

Northern Trust performed well in the first quarter of 2016, despite the volatile... More

Northern Trust Asset Management Announces Senior Appointments

April 19, 2016 5:09 AM EDT

LONDON--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) announced today that it has made two senior appointments in its London based asset management team. Aaron Overy has been appointed to a senior institutional sales role, with a primary focus on the UK market, and Nigel Tyler has been named senior index portfolio manager.

Overy has more than 20 years of industry experience and was most recently head of asset pooling sales for Northern Trusts asset servicing business. He has extensive asset management related experience across the front, middle and back offices including fund... More

50 South Capital Advisors and Aurora Investment Management Terminate Acquisition Agreement

April 18, 2016 5:13 PM EDT

CHICAGO & BOSTON--(BUSINESS WIRE)-- On March 2, 2016, 50 South Capital Advisors, LLC, announced that it had reached an agreement to acquire the investment management business of Aurora Investment Management LLC, a wholly-owned subsidiary of Natixis Global Asset Management, subject to customary closing conditions. After careful consideration, the parties have mutually agreed to terminate the agreement.

About 50 South Capital Advisors, LLC

50 South Capital is an alternatives asset management firm designed to meet the core strategic needs of investors seeking access to global alternative investments. Its highly experienced team works closely with a wide range of investors to fulfill specific... More