Northern Trust (NTRS)
NASDAQFinancialsAsset ManagementSnapshot 2026-11-05
$171.39-3.72%
Close 2026-11-05 · 1-day change
NASDAQFinancialsAsset ManagementSnapshot 2026-11-05
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.
[TABLE] MICHAEL O’GRADY, CHAIRMAN AND CHIEF EXECUTIVE OFFICER: || “Northern Trust delivered strong third-quarter results, demonstrating continued progress against our One Northern Trust strategy.
Stated in 7 of 8 supplied quarters. Management reported: “Compared to the prior year and excluding notable items, revenues grew 11%, while disciplined expense management generated more than 600 basis points of positive operating leverage.” “Disciplined expense management and a sustained focus on operational efficiency generated more than 700 basis points of operating leverage, a 32% pre-tax margin, and a 43% rise in earnings per share.” Revenue was $1.373 billion in 2026-Q3.
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 66% of the time over the next year (vs 56% for the rest of the cohort, n=7714).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“[TABLE] MICHAEL O’GRADY, CHAIRMAN AND CHIEF EXECUTIVE OFFICER: || “Northern Trust delivered strong third-quarter results, demonstrating continued progress against our One Northern Trust strategy.”
“[TABLE] MICHAEL O’GRADY, CHAIRMAN AND CHIEF EXECUTIVE OFFICER: || “Northern Trust delivered another quarter of strong performance reflecting disciplined execution of our One Northern Trust strategy a…”
“MICHAEL O’GRADY, CHAIRMAN AND CHIEF EXECUTIVE OFFICER: “Northern Trust began 2026 with strong financial momentum, underscoring the effectiveness of our diversified business model and continued execut…”
“MICHAEL O’GRADY, CHAIRMAN AND CHIEF EXECUTIVE OFFICER: “Northern Trust delivered strong fourth quarter results, marking another year of successful execution of our One Northern Trust strategic priori…”
“As we prepare to close out the year, 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.”
“MICHAEL O’GRADY, CHAIRMAN AND CHIEF EXECUTIVE OFFICER: “Northern Trust finished the year with strong fourth quarter results, reflecting the progress we’ve achieved executing against our One Northern…”
Compared to the prior year and excluding notable items, revenues grew 11%, while disciplined expense management generated more than 600 basis points of positive operating leverage.
Stated in 5 of 8 supplied quarters. Management reported: “Compared to the prior year and excluding notable items, revenues grew 11%, while disciplined expense management generated more than 600 basis points of positive operating leverage.” “Disciplined expense management and a sustained focus on operational efficiency generated more than 700 basis points of operating leverage, a 32% pre-tax margin, and a 43% rise in earnings per share.”
“Compared to the prior year and excluding notable items, revenues grew 11%, while disciplined expense management generated more than 600 basis points of positive operating leverage.”
“Disciplined expense management and a sustained focus on operational efficiency generated more than 700 basis points of operating leverage, a 32% pre-tax margin, and a 43% rise in earnings per share.”
“Mid-single-digit trust fee growth, double digit net interest income and disciplined expense management drove positive operating leverage of four points in the fourth quarter and more than two points…”
“MICHAEL O’GRADY, CHAIRMAN AND CHIEF EXECUTIVE OFFICER: “Northern Trust generated its third consecutive quarter of positive operating leverage in the first quarter of 2025 driven by mid-single digit g…”
“Importantly, we delivered healthy trust fee and total operating leverage in both the quarter and for the full year, as our productivity initiatives are driving efficiencies while enabling continued r…”
All three businesses delivered organic trust-fee growth, reflecting strong execution across the company.
Stated in 5 of 8 supplied quarters. Management reported: “All three businesses delivered organic trust-fee growth, reflecting strong execution across the company.” “Our progress against our strategic priorities helped drive an eighth consecutive quarter of positive organic trust-fee growth.”
“All three businesses delivered organic trust-fee growth, reflecting strong execution across the company.”
“Our progress against our strategic priorities helped drive an eighth consecutive quarter of positive organic trust-fee growth.”
“Mid-single-digit trust fee growth, double digit net interest income and disciplined expense management drove positive operating leverage of four points in the fourth quarter and more than two points…”
“MICHAEL O’GRADY, CHAIRMAN AND CHIEF EXECUTIVE OFFICER: “Northern Trust generated its third consecutive quarter of positive operating leverage in the first quarter of 2025 driven by mid-single digit g…”
“Importantly, we delivered healthy trust fee and total operating leverage in both the quarter and for the full year, as our productivity initiatives are driving efficiencies while enabling continued r…”
Our return on equity in both periods was at the high end of our target range, enabling us to return record capital to our shareholders.
Stated in 2 of 8 supplied quarters. Management reported: “Our return on equity in both periods was at the high end of our target range, enabling us to return record capital to our shareholders.” “EPS excluding prior-year notables increased 13% and we generated a return on common equity of 13%, both while boosting capital levels meaningfully and returning $435 million to shareholders.”
“Our return on equity in both periods was at the high end of our target range, enabling us to return record capital to our shareholders.”
“EPS excluding prior-year notables increased 13% and we generated a return on common equity of 13%, both while boosting capital levels meaningfully and returning $435 million to shareholders.”
Pursue growth through client support, organic business development, and continued strengthening of the company's global franchise.
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=6873).
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).
7 material management or governance events in the past 24 months, led by executive changes. Historically, Financials names rated stable grew net income 58% of the time over the next year (vs 59% for the rest of the cohort, n=7436).
Not investment advice. As of 2026-11-05.