Northern Trust Corp (NTRS), a significant player in the asset management industry, has been at the center of various important developments. The firm announced a
dividend of $0.75, and despite a
11.71% fall over four weeks, it seems a
trend reversal might be imminent. The company was also chosen by Brickwood Asset Management for
Asset Servicing Solutions. Moreover, multiple companies and investment organizations, including Erste Asset Management GmbH, PGGM Investments, and CFO4Life Group LLC, have invested significantly in NTRS.The corporation has reported strong financial performance for Q4 2024, with several fund management entities increasing their stakes. Northern Trust has expanded its
partnership with Alchemy and made strategic
leadership changes in its Wealth Management division. The company has established a new,
more efficient securities settlement platform via a collaboration with TCS, which is expected to dramatically improve global trading.Moreover, NTRS has secured major deals, including a
AU$1.5 billion custody deal with Generation Life in Australia, and a
€1 billion Special Opportunities Deal with Alchemy. The corporation also outperformed market expectations, effectively beating Q4 earnings and revenue estimates. Despite a prime rate cut, experts predict the company is well-positioned for a surge.
Northern Trust Corp NTRS News Analytics from Tue, 10 Sep 2024 07:00:00 GMT to Sat, 15 Mar 2025 21:47:24 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 3
