NTRSNorthern Trust Corporation
Northern Trust Corporation (NTRS) is a leading asset management and custody bank, offering services like wealth management, institutional asset management, and custodial banking. The next catalyst is Oct 27, 2026 — Q3 2026 Earnings Release, which will test the company’s ability to sustain fee growth and navigate a rising interest rate environment.
- Northern Trust’s revenue grew 6.1% YoY to $5.19B, with a net margin of 44.4% (TTM).
- The company maintains a low debt-to-equity ratio of 0.11x, with $12.96B in shareholders’ equity.
- Diluted EPS of $2.71 reflects strong earnings power, but the next earnings report will test whether this momentum can be sustained.
The schedule
- Tue20Oct
Northern Trust's Q3 results will provide a critical update on fee-related earnings growth, NII stabilization, and asset management flows.
- Wed16Dec
The final FOMC meeting of the year will solidify the 2027 rate path and influence banking sector valuation multiples.
- Tue19Jan
Full-year 2026 results and initial 2027 guidance will establish the baseline for capital return expectations and operational efficiency.
- Tue20Apr
First-quarter earnings will set the tone for seasonal asset flows and validate the impact of structural cost savings.
- Fri25Jun
The annual CCAR stress tests will dictate Northern Trust's capacity for dividend hikes and share repurchases.
- Tue20Jul
Q2 results will highlight mid-year AUM trajectory and the market's digestion of the recently approved CCAR capital return plan.
Past
- Wed16Sep
The Federal Reserve's September policy meeting and updated dot plot will set expectations for Q4 yield curves and Net Interest Margin trajectory.
- Wed29Jul
Actual outcome: Bull
Northern Trust's stock surged well past the $171 bull target, driven by strong fundamental momentum following a robust Q2 earnings beat that featured higher net interest income, strong fee growth, and a dividend hike. Around the FOMC event, the company announced the launch of a new U.S. ETF servicing platform and reported strong institutional investor gains, reinforcing confidence in its asset management capabilities and driving the stock higher.
- Tue21Jul
Actual outcome: Bull · $182.52 at outcome
Northern Trust delivered strong Q2 2026 results, meeting EPS estimates while posting sharply higher net income driven by robust fee growth, higher net interest income, and a one-time gain from Visa holdings. Management's decision to raise its full-year outlook for revenue and NII, combined with a dividend hike to $0.88 per share, underscored the company's capital strength and propelled the stock well past the bull target.
- Wed17Jun
Actual outcome: Bull · $175.56 at outcome
- Thu29Jan
Actual outcome: Bear · $146.38 at outcome
The market's digestion of the Q4'25 results, specifically the 2026 Net Interest Income (NII) guidance and the health of non-interest-bearing deposits, was ultimately negative. Despite several headlines detailing significant institutional buying and analyst upgrades following the earnings call, the stock failed to hold the bear floor of $146.00, suggesting the fundamental concerns regarding NII trajectory were not sufficiently mitigated by the forward guidance.
- Mon26Jan
Actual outcome: Mixed · $147.23 at outcome
The market digest period was characterized by strong fundamental signals, including a Zacks upgrade to 'Strong Buy' and significant accumulation by multiple institutional investors, suggesting confidence in NTRS's asset management strength. Despite this positive sentiment, the stock remained flat (0%) during the period, failing to clear the bull target as investors likely maintained a cautious stance while fully digesting the Q4 NII resilience and forward guidance amid ongoing rate cut speculation.