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Stocks/Financials/Asset Management & Custody Banks

Northern TrustNTRS

Asset Management & Custody Banks · Chicago, Illinois · In the S&P 500
Solid business
$169.16−2.17%After hours: $169.16 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 32.9% over 1 year
Northern Trust over 1 yearDaily close, $, to 30 Oct 2026
$120$140$160$180Nov2026MarMayJulSep$169.16$125$150NovMarJul$169.16
Source: Nasdaq daily closes
Market value$30.64B
Price to earnings13.3x
Forward P/E13.9x
Dividend yield2.08%
Year to date+23.8%
One year+32.9%
Next earningsNot scheduled
SectorFinancials
52-week range (closes)
$122.72$191.47

Quality and valuation

How Northern Trust compares with other financials stocks. A description, not a recommendation.

Northern Trust and 7 asset management & custody banks peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among financials companies, priced about in line with them.

Northern Trust trades at 13.9 times the next 12 months of expected earnings, against a median of 13.0x for the 84 financials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +17.6% vs +10.2%
  • Turns less of its sales into cash: 18.7% vs 20.3%
  • Keeps more of its revenue as profit (net margin): 26.0% vs 20.7%
NTRS trades at 13.9x forward earnings, above the sector medianForward p/e, Asset Management & Custody Banks peers
AMP10.1xKKR11.4xSTT11.6xAPO12.0xNTRS13.9xBNY15.2xBLK19.1xBX19.3xSector median 13.0xAMP10.1xKKR11.4xSTT11.6xAPO12.0xNTRS13.9xBNY15.2xBLK19.1xBX19.3xSector median 13.0x
Source: CNBC quotes; Mostly Markets
At 13.2x earnings, NTRS is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
10x15x20xAverage 14.5x2025202613.2x10x15x20xAverage 14.5x2025202613.2x
Source: Nasdaq prices; SEC filings

Financials

From Northern Trust's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 13.3% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$1bn$2bnQ4 ’24Q2 ’25Q4 ’25$2.3bnQ3 ’26$0bn$1bn$2bnQ4 ’24Q2 ’25Q4 ’25$2.3bnQ3 ’26
Source: SEC filings
Growth slowed to +13.3% last quarterRevenue growth, year on year, %
−20%0%20%Q4 ’24Q2 ’25Q4 ’2513.3%Q3 ’26−25%0%25%Q4 ’24Q2 ’25Q4 ’2513.3%Q3 ’26
Source: SEC filings
Free cash flow was $1.7 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$-2bn$0bn$2bnQ4 ’24Q2 ’25Q4 ’25$1.8bnQ3 ’26$-2bn$0bn$2bnQ4 ’24Q2 ’25Q4 ’25$1.8bnQ3 ’26
Source: SEC filings
Diluted EPS was $3.40 last quarterQuarterly diluted earnings per share, $
$0$2$4Q4 ’24Q2 ’25Q4 ’25$3.40Q3 ’26$0$2$4Q4 ’24Q2 ’25Q4 ’25$3.40Q3 ’26
Source: SEC filings
Last 12 monthsNTRSSector median
Revenue growth+17.6%+10.2%
Free cash flow margin18.7%20.3%
Price to earnings13.3x14.6x

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Similar companies

Asset Management & Custody Banks, by market value.

CompanyPriceTodayYTDValue
BLKBlackRock$1,147.54−2.44%+7.2%$186B
BXBlackstone$118.51−1.73%−23.1%$143B
BNYBNY Mellon$147.11−1.51%+26.7%$98.99B
KKRKKR$94.39−1.49%−26.0%$84.73B
APOApollo Global Management$115.84−2.29%−20.0%$68.41B
STTState Street$169.77−2.29%+31.6%$46.19B
AMPAmeriprise Financial$490.83−1.42%+0.1%$43.36B
ARESAres Management$128.15+0.53%−20.7%$42.33B