Northern Trust (NTRS)
NASDAQFinancialsAsset ManagementSnapshot 2026-09-04
$186.63-0.44%
Close 2026-09-04 · 1-day change
NASDAQFinancialsAsset ManagementSnapshot 2026-09-04
QuarterlyIQ Insights · NTRS
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Met or beat guidance 100% of the last 1 guided quarters · 12.1% avg surprise
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue disciplined execution of the One Northern Trust strategy to drive growth, client support, and long-term shareholder value.
Stated as a priority in 6 of last 6 quarters. Revenue increased from $1.23B in 2025-Q2 to $1.35B in 2026-Q2 (+10%), net income grew from $421.3M to $792.2M (+88%). Management consistently emphasizes disciplined execution of the One Northern Trust strategy, and financial results show delivering growth and strong performance aligned with this priority.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Financials names rated strong grew net income 67% of the time over the next year (vs 56% for the rest of the cohort, n=7680).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Northern Trust delivered another quarter of strong performance reflecting disciplined execution of our One Northern Trust strategy.”
“Northern Trust began 2026 with strong financial momentum, underscoring the effectiveness of our diversified business model and continued execution of our strategic priorities.”
“Northern Trust delivered strong fourth quarter results, marking another year of successful execution of our One Northern Trust strategic priorities.”
“We remain focused on executing on our One Northern Trust strategy, serving our clients with distinction, and generating value for our shareholders.”
“These results demonstrate the strength of our One Northern Trust strategy and the resilience of our business model.”
“Northern Trust finished the year with strong fourth quarter results, reflecting the progress we6ve achieved executing against our One Northern Trust strategy.”
Sustain earnings per share growth through revenue growth, expense discipline, and operational efficiency.
Stated as a priority in 6 of last 6 quarters. Diluted EPS increased from $2.13 in 2025-Q2 to $4.23 in 2026-Q2 (+98%), and from $1.90 in 2025-Q1 to $2.71 in 2026-Q1 (+43%). Management consistently highlights EPS growth as a key goal, and financial data shows strong delivery on this priority.
“Earnings per share increased 40% excluding notable items in the period.”
“A 43% rise in earnings per share and return on equity reached 17.4%.”
“Return on equity in both periods was at the high end of our target range, enabling us to return record capital to our shareholders.”
“Double digit EPS growth and our fifth consecutive quarter of positive operating leverage.”
“EPS excluding prior-year notables increased 13% and we generated a return on common equity of 13%.”
“Generated a 15.3% return on common equity.”
Grow noninterest income by increasing trust, investment, and other servicing fees through favorable markets and net new business.
Stated as a priority in 6 of last 6 quarters. Trust, Investment and Other Servicing Fees increased from $1.21B in 2025-Q1 to $1.34B in 2026-Q1 (+11%) and from $1.23B in 2025-Q2 to $1.35B in 2026-Q2 (+10%). Management consistently emphasizes fee growth as a key driver of noninterest income, and financials confirm steady delivery.
“Trust, Investment and Other Servicing Fees increased 10% year-over-year.”
“Trust, Investment and Other Servicing Fees increased 11% year-over-year.”
“Mid-single-digit trust fee growth drove positive operating leverage.”
“Trust fees increased 8% compared to prior-year quarter.”
“Mid-single digit growth in both trust fees and net interest income relative to prior year.”
“Fourth quarter fee revenue grew substantially relative to prior year.”
Control noninterest expenses through disciplined management to support operating leverage and profitability.
Stated as a priority in 6 of last 6 quarters. Noninterest expense increased from $1.42B in 2025-Q2 to $1.64B in 2026-Q2 (+9%), but management reports over 700 basis points of operating leverage in 2026-Q1 and Q2. Expense growth is present but controlled relative to revenue growth, indicating disciplined expense management with positive operating leverage.
“Expenses were well controlled, generating more than 700 basis points of operating leverage.”
“Disciplined expense management and sustained focus on operational efficiency generated more than 700 basis points of operating leverage.”
“Disciplined expense management drove positive operating leverage of four points in the fourth quarter.”
“Continued expense discipline contributed to meaningful pre-tax margin expansion and positive operating leverage.”
“Effectively managing expenses while generating positive operating leverage.”
“Productivity initiatives are driving efficiencies while enabling continued reinvestment in the business.”
Maintain capital return through dividends and share repurchases to enhance shareholder value.
Stated as a priority in 6 of last 6 quarters. The Corporation returned over $1 billion to shareholders in the first half of 2026, with dividends maintained at $0.80 per share and a 10% increase approved in Q2. Share repurchases and dividends have been consistently executed, demonstrating delivery on capital return commitments.
“Returned over $1 billion of capital to shareholders in the first half of the year; Board approved 10% dividend increase.”
“Returned $509.7 million to common shareholders through dividends and repurchases.”
“Returned record capital to shareholders and moved into the new year with strong momentum.”
“Returned $431.3 million to common shareholders through dividends and repurchases.”
“Returned $435.4 million to common shareholders in the quarter through dividends and repurchases.”
“Returned approximately $402.8 million to common shareholders in the quarter through dividends and repurchases.”
Over the trailing year it converted 3.04x of net income into operating cash flow. Historically, Financials names rated robust grew net income 62% of the time over the next year (vs 56% for the rest of the cohort, n=6844).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates (low R² over the window).
6 material management or governance events in the past 24 months, led by executive changes. Historically, Financials names rated stable grew net income 56% of the time over the next year (vs 57% for the rest of the cohort, n=2725).
Not investment advice. As of 2026-09-04.