The financial industry is keeping an eager eye on Northern Trust Corporation (NTRS) as the company gears up to report their Q4 2024 financial results. This comes after predictions of earnings growth and consistent strength in the company's credit research and high yield investment expertise. Several new investments have been made in Northern Trust, including from Kathmere Capital Management LLC and Agate Pass Investment Management LLC.
Melanie Pickett has been named to lead asset servicing in the Americas, a strategic move that seeks to strengthen Northern Trust’s private wealth sales and distribution. The company has also increased their credit team with five new senior hires, an assertive bid signaling their long-term momentum. Despite a downgrade to hold by StockNews.com, Northern Trust still remains a favourite among institutional owners, holding a dominant 85% stake.
Northern Trust also recently concluded a record-setting month of service and launched an enhanced collateral management solution in collaboration with CloudMargin. Partnerships have also been announced with Hamilton Lane for advanced private market analytics and First Sentier Investors, a global asset manager with $157B in assets. Despite some underperformance compared to competitors on specific trading days, the company overall outperforms rivals, retains strong long-term returns, and shows promise of continued growth.
Northern Trust Corp NTRS News Analytics from Tue, 25 Jun 2024 07:00:00 GMT to Sat, 18 Jan 2025 22:26:31 GMT - Rating 6 - Innovation 8 - Information 7 - Rumor -2
