| Market Capitalization (Millions $) |
33,047 |
| Shares
Outstanding (Millions) |
185 |
| Employees |
23,800 |
| Revenues (TTM) (Millions $) |
9,085 |
| Net Income (TTM) (Millions $) |
2,241 |
| Cash Flow (TTM) (Millions $) |
-607 |
| Capital Exp. (TTM) (Millions $) |
747 |
Business Description
Northern Trust Corporation is a diversified financial services company and bank holding company based in Chicago, Illinois. Established in 1971 in Delaware, it serves as the parent company of The Northern Trust Company, which is its principal subsidiary. The Corporation caters primarily to institutional clients, including corporations, foundations, and high-net-worth individuals, offering various financial services such as investment management, asset servicing, and banking.
As of 2023, Northern Trust maintains a robust presence across the United States, with national bank subsidiaries in states such as Arizona, California, Colorado, Florida, and Texas, as well as a federal savings bank with locations throughout New England and other regions. The Corporation also operates internationally, with trust companies in New York and Connecticut, and subsidiaries in the United Kingdom, Canada, and Asia.
Northern Trusts business is heavily focused on fee-based income, and it generates more revenue from these services than from traditional net interest income. This aligns with its strategy of providing differentiated, high-quality services to select markets in which it can maintain a competitive edge.
The Corporation’s various entities include:
- Northern Trust Investments, N.A.: A registered investment adviser offering investment management services globally.
- Norlease, Inc.: Focused on leasing and related lending services.
- NT Mortgage Holdings LLC: A real estate investment trust managing a significant portion of the residential mortgage portfolio.
- Northern Trust International Banking Corporation: Conducts international business primarily through its subsidiaries in Ireland, where it offers services related to trust, custody, and fund administration.
In addition to its comprehensive financial service offerings, Northern Trust is dedicated to the principles of asset quality preservation and conservative financial management. The company places significant emphasis on personalized client service, aiming to create tailored financial solutions that meet the unique needs of each client.
Overall, Northern Trust Corporation is recognized for its stability, client focus, and innovative approach in the financial services landscape, serving a diverse client base with a commitment to excellence and strong governance.
Company Address: 50 South LaSalle Street Chicago, 60603 IL
Company Phone Number: 630-6000 Stock Exchange / Ticker: NASDAQ NTRS
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