Northern Trust (NTRS)
NASDAQFinancialsAsset ManagementSnapshot 2026-09-04
$186.63-0.44%
Close 2026-09-04 · 1-day change
NASDAQFinancialsAsset ManagementSnapshot 2026-09-04
Research Workspace
Put NTRS beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Asset Management & Custody Banks is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisManagement screens strong on capital allocation, earnings delivery, the balance sheet.
View ManagementExpectations look high — the market is pricing in about 23% growth a year, above the roughly 6% analysts expect, leaving little room for error.
View ValuationRelatively steady — typically moves about 1% a day.
View RiskNorthern Trust's growth in fee and service revenue from recent initiatives supports its valuation. Revenue grew 13% year over year, and the last quarter beat expectations. The stock trades at 18× P/E versus a peer median of 16×, suggesting the market prices in more growth than forecast. If guidance is cut on the next call, it could negatively impact the stock. Peer multiples imply a price about 22% below where it trades (it looks expensive on this basis).
Trailing returns as of 2026-09-04. NTRS is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 15 analysts currently covering NTRS (as of Sep 2026).
Based on 6 Wall Street analysts offering 12-month price targets for NTRS in the last 4 months.
Continue this research
Compare NTRS with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
Free account required to save the handoff. No credit card.
| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| NTRS Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 10 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Asset Management & Custody Banks — fair value, gap to price, and forward P/E.
Compare the value case
Put NTRS next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Enhance noninterest income through fee growth
NII growth supports fee income enhancement objective.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $186.63
The last 12 months of price, then the range of analyst 12-month targets from today’s $186.63.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Execute One Northern Trust strategic priorities
Digital assets align with growth strategy and enhance service offerings.
Advances: Execute One Northern Trust strategic priorities
New partnership enhances growth through digital asset initiatives.
Advances: Enhance noninterest income through fee growth
Winning a large fund mandate enhances fee growth potential.
Threatens: Enhance noninterest income through fee growth
Loss of mandate impacts fee growth objectives.
Advances: Focus on One Northern Trust strategic priorities
Revenue growth projection supports strategic priorities.
Advances: Maintain strong EPS growth
Strong fee income enhances EPS growth objective.
Advances: Maintain strong EPS growth
Strong second-quarter results support EPS growth.