Northern Trust (NTRS) PT Raised to $102 at BofA/Merrill Lynch Following 3Q
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Northern Trust: Transparency in Alternative Assets Requires ‘Collaborative Partnership’ between Investors and Asset Managers
October 19, 2017 9:30 AM EDTCHICAGO--(BUSINESS WIRE)-- Northern Trust today announced the release of a white paper that outlines key steps investment managers and investors can take to potentially achieve greater transparency in alternative investments such as hedge funds, private equity, infrastructure, real estate and natural resources. The paper, Alts Transparency: Finding the Right Balance, is a follow-up to an industry-wide... More
Northern Trust Corporation Reports Third Quarter Net Income of $298.4 Million, Earnings Per Common Share of $1.20
October 18, 2017 7:30 AM EDT
Trust, Investment and Other Servicing Fees Growth of 10%
Return
on Average Common Equity of 12.2%
Earnings Per Share Growth
of 11%
Launched Value for Spend Expense Initiative
CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation today reported third quarter net income per diluted common share of $1.20, compared to $1.08 in the third quarter of 2016 and $1.12 in the second quarter of 2017. Net income was $298.4 million, compared to $257.6 million in the prior-year quarter and $267.9 million in the prior quarter. Return on average common equity was 12.2%.
Our third quarter results continued to demonstrate our... More
Northern Trust Declares Quarterly Dividend on Common and Preferred Stock
October 17, 2017 4:28 PM EDTCHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.42 per share on its common stock ($1.66-2/3 par value), payable on January 1, 2018, to holders of record at 5:00 p.m., Chicago time, on December 1, 2017.
Northern Trust Corporation also declared a cash dividend of $365.625 per share of its Series C non-cumulative... More
Northern Trust Names Michael G. O’Grady Chief Executive Officer, Effective January 1, 2018
October 17, 2017 4:05 PM EDTFrederick H. Waddell will remain Chairman of the Board
CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation announced today that Frederick H. Waddell, 64, Chairman and Chief Executive Officer, will be stepping down from his role as Chief Executive Officer on January 1, 2018. Michael G. OGrady, 52, will assume the role of Chief Executive Officer on January 1, in addition to his current position as President. Waddell, who has served as Chief Executive Officer since January 2008, will remain as Chairman of the Board, a position he has held since November 2009.
It has been my privilege to serve as Chief... More
