Comparing the current results to its competitors, Northern Trust reported Revenue increase in the 2 quarter 2026 by 36.43 % year on year. The sales growth was above Northern Trust's competitors' average revenue growth of 24.43 %, achieved in the same quarter.
Northern Trust Corporation Net Income in the 2 quarter 2026 grew year on year by 88.04%, faster than the Northern Trust's competitors average income growth of 46.12 %
Northern Trust's Comment on Competition and Industry Peers
Northern Trust competes with a variety of financial institutions and service companies, including custodial banks, investment counseling firms, deposit-taking institutions, asset management firms, benefits consultants, trust companies, investment banking firms, insurance companies, and financial technology companies such as software providers and data services firms. Its competitors include both regulated and unregulated financial services organizations operating in the same markets. As Northern Trust's businesses expand and markets evolve, it may face increasing and new forms of competition globally.
Strong sales growth of 36.43 % in Overall company contributed to Northern Trust Corporation increase in total revenue by 36.43 % Northern Trust Corporation improved its market share in this segment, to approximately 1.2 %.
December 12, 2024
In a significant development within the global asset management landscape, Northern Trust Corporation has announced the expansion of its partnership with First Sentier Investors. This move positions Northern Trust, a prominent player in financial services, to deepen its role as a third-party administrator, enhancing operational efficiencies across a range of public market fund businesses spanning Australia, Ireland, Singapore, and the United Kingdom. As of September 30, 2024, First Sentier Investors boasts over US$157 billion in assets under management, underscoring the strategic importance of this collaboration.The integration of Northern Trust s comprehensive suite of front-to-back solutions aims to stream...
December 9, 2024
In a strategic move to enhance its service offerings, Northern Trust (Nasdaq: NTRS) has been appointed by Avanza Fonder, a Stockholm-based fund management firm, to provide its Integrated Trading Solutions (ITS) through an outsourced trading desk. Established in 2006, Avanza Fonder is a wholly-owned subsidiary of Avanza Bank Holding AB (publ) and specializes in managing funds for private clients, both independently and in collaboration with other managers. The partnership is expected to bolster Avanza Fonder s trading capabilities, specifically focusing on its Global E strategy, which likely aims to attract a diverse range of investors.Northern Trust s appointment comes against a backdrop of strong financial ...
August 7, 2024
In recent announcements, Northern Trust Corporation, a renowned player in the financial services sector, has further solidified its position as a leader in outsourced trading and asset servicing solutions. The firm has been chosen by True Potential, a UK-based wealth management company, Valverde Investment Partners, a Singapore-based independent investment management firm, and Canada Life Asset Management, a prominent asset management provider in Canada, to deliver critical financial services tailored to each firm s unique needs. Overview of Key Partnerships: 1. True Potential : Northern Trust will provide integrated trading solutions for True Potential, which manages approximately £31.7 billion (around US...
June 25, 2024
In a recent development, Canada Life Asset Management (CLAM) has chosen Northern Trust as its asset servicing solutions provider, encompassing middle office outsourcing, global custody, securities lending, fund administration, and depositary services. This decision represents a consolidation of CLAM s middle office solutions under a single service provider, while also including investment book of record and data solutions. Amidst these changes, Northern Trust reported a revenue decrease in the first quarter of 2024, surpassing the overall decline of its competitors. Additionally, despite the setback in revenue, Northern Trust achieved higher profitability than its industry counterparts.Assessing the Impact:T...
Publicly Traded Peers of Northern Trust Corporation
First Citizens Bancshares Inc Share Performance
-2.93%
This Quarter
First Citizens Bancshares Inc
Profile
First Citizens Bancshares Inc operates as a traditional commercial bank, offering a range of banking and financial services to individuals, businesses, and other customers. Their business model centers around providing various types of loans, deposits, and investment services, including mortgages, personal and business loans, checking and savings accounts, credit cards, and wealth management solutions. The company aims to achieve profitability by attracting and retaining customers, managing risk, and diversifying revenue streams through a combination of interest income, fees, and other non-interest income sources.
First Financial Corporation operates as a diversified financial services company, offering a range of banking products and services to individuals and businesses. Its business model centers around leveraging its strong regional presence, experienced workforce, and technology-driven solutions to attract and retain customers, generate interest income from loans and investments, and earn fee-based revenue from various banking services. The company focuses on providing personalized financial solutions and cultivating long-term relationships to drive sustainable growth and profitability.
Tompkins Financial Corp's business model is centered around providing financial services to individuals and businesses. This encompasses a range of offerings such as banking, investment management, insurance, and wealth management.
Trustco Bank Corp NY operates as a banking holding company that provides a range of banking products and services. It primarily focuses on traditional banking activities, such as accepting deposits, making loans, and offering other banking services to individuals, small businesses, and municipalities.
United Bancorp Inc operates as a bank holding company. Its business model primarily revolves around providing various financial services such as commercial banking, mortgage banking, and retail banking to individuals, small businesses, and corporate clients. They generate revenue through interest income, fees and commissions, and other banking services.
Sources:
Northern Trust Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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