In the first quarter of 2025, Northern Trust Corporation plans to host a webcast for their earnings conference call and their annual stockholder meeting. The company's price target has been slightly lowered to $118 at Wells Fargo, which has subsequently issued a pessimistic forecast regarding the company's stock. Meanwhile, Northern Trust is being viewed as a potential inexpensive buy within asset management stocks, with recent activities indicating its outperformance of the Dow. The company has been appointed as a global custodian and cash manager for Haycen, a significant role indicating increased responsibilities.
Northern Trust has made strides into the digital payment and stablecoin markets, notably securing a global custody partnership with Haycen for digital payments. However, institutional stock sales have raised eyebrows, with Prudential Financial and Vanguard Group both significantly reducing their holdings. Nevertheless, the $1.3T asset manager is expanding its presence in strategic capacities, such as major appointments in the UK sales division. In terms of financial performance, the company has managed to beat Q4 earning and revenue estimates, and continues to gain analyst support despite a short term stock price drop.
Northern Trust is also collaborating with notable companies such as First Sentier Investors and Bayer to provide various services. Furthermore, the company has secured recognition as the Best Private Bank in the U.S., and was recently awarded the Best Equity Large Fund Group by the London Stock Exchange Group (LSEG).
Northern Trust Corp NTRS News Analytics from Tue, 10 Sep 2024 07:00:00 GMT to Sat, 29 Mar 2025 14:20:43 GMT - Rating 3 - Innovation 4 - Information 8 - Rumor -3
