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Northern Trust Corporation (NTRS), headquartered in Chicago, Illinois, is a financial holding company. Valued at $18.2 billion by market cap, the company provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals.
Shares of this market leader in wealth management services have underperformed the broader market considerably over the past year. NTRS has gained 17.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 26.1%. In 2024, NTRS’ stock rose 5.1%, compared to SPX’s 17.2% rise on a YTD basis.