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Search resuls for: "Northern Trust's"


8 mentions found


☆ Cramer's Lighting Round: Dow is 'very hard to own here'
  + stars: | 2024-11-15 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Block's year-to-date stock performance. Stock Chart Icon Stock chart icon Northern Trust's year-to-date stock performance. Stock Chart Icon Stock chart icon Dow's year-to-date stock performance. Stock Chart Icon Stock chart icon Super Group's year-to-date stock performance. Stock Chart Icon Stock chart icon Sprouts Farmers Market's year-to-date stock performance.
Persons: I've, it's, Dow, Jim Cramer's Organizations: Northern, Trust, CNBC, Club, Dow, Super Locations: BlackRock
☆ It's 'premature' to conclude victory over inflation, says Northern Trust's Carl Tannenbaum
  + stars: | 2024-09-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's 'premature' to conclude victory over inflation, says Northern Trust's Carl TannenbaumCarl Tannenbaum, chief economist at Northern Trust, and CNBC's Steve Liesman discuss what the Fed's 50bp cut signals for the future, the state of the job market, and more.
Persons: Northern Trust's Carl Tannenbaum Carl Tannenbaum, Steve Liesman Organizations: Northern Trust Locations: Northern
☆ Northern Trust shares slide after forecasting bigger drop in net interest income
  + stars: | 2023-09-12 | by ( Chibuike Oguh | Thomson Reuters | Chibuike Reports On Mostly Large U.S.-Based Private Equity Firms | ) www.reuters.com   time to read: +2 min
Like many financial institutions in the current high interest rate environment, Northern Trust is confronting growing financing costs as tries to hold onto deposits. Northern Trust shares sank to $69.81, down more than 9%, to their lowest level since mid-July after Tyler's comments. A Northern Trust spokesperson did not immediately respond to a Reuters request for further comment. Asset and wealth managers, including Northern Trust and peer State Street Corp (STT.N), are seeing a decline in NII as customers move deposits to higher yielding alternatives. In July, Northern Trust reported that its deposits fell by 10% to $91.9 billion in the second quarter, although Tyler said on Tuesday deposits have generally stabilized.
Persons: Jason Tyler, That's, it's, Tyler, Tyler's, Chibuike Oguh, Michelle Price, Mark Potter Organizations: Northern Trust Corp, Barclays, Northern Trust, State Street Corp, Trust, Thomson Locations: New York
☆ Northern Trust shares jump after smaller-than-expected drop in Q2 net interest income
  + stars: | 2023-07-19 | by ( Chibuike Oguh | Thomson Reuters | Chibuike Reports On Mostly Large U.S.-Based Private Equity Firms | ) www.reuters.com   time to read: +2 min
July 19 (Reuters) - The shares of Northern Trust (NTRS.O) jumped by more than 14% on Wednesday after the asset and wealth manager reported a smaller-than-expected drop in second quarter net interest income underpinned by higher interest rates and slower deposit losses. Analysts were, however, expecting a bigger drop in Northern Trust's quarter-on-quarter NII just like State Street. Northern Trust's shares were trading at $82.14, on track for its biggest one-day percentage gain since March 2020. Total revenue fell 1% to $1.77 billion in the quarter as Northern Trust generated fewer fees from its custodial, investment, and wealth management businesses. Northern Trust said its total assets under custody increased 5% to $14.48 trillion, while total asset management also rose 5% to $1.37 trillion.
Persons: Goldman Sachs, Alexander Blostein, NII, Sri Hari, Krishna Chandra Organizations: Northern Trust, Street Corp, Trust, Sri, Thomson Locations: Northern Trust's, Northern, Bengaluru
☆ Watch CNBC's full interview with Northern Trust's Justin Chapman on blockchain adoption
  + stars: | 2023-05-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Northern Trust's Justin Chapman on blockchain adoptionJustin Chapman, global head of digital assets and financial markets at Northern Trust, joins "CNBC Crypto World" to discuss how Wall Street is embracing blockchain technology.
☆ Crypto has ‘lost its shine’ for institutional investors, says Northern Trust executive
  + stars: | 2023-05-04 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
Institutional investors lost interest in crypto after 2022 and even with this year's uptrend, their appetite for it hasn't come back yet, according to Northern Trust's head of digital assets and financial markets. "Just after March the crypto market went off a cliff… the client interest has definitely gone off the same cliff in terms of institutional interest in in cryptocurrencies," he said. The "evolution of the technology" is moving into a "better place" in terms of support from market participants, Chapman said. Specifically, Northern Trust partnered with Standard Chartered in 2020 to launch Zodia, a crypto custodian for institutional investors. But it's certainly lost its shine from the institutional perspective."
☆ These ETF strategies can help investors navigate a murky 2023 for markets
  + stars: | 2022-12-27 | by ( Jesse Pound | ) www.cnbc.com   time to read: +6 min
Here's how some ETF experts are viewing the year and what types of funds could be winners in 2023. … In 2023, investors should be a lot more selective," said Pedro Palandrani, director of research at Global X ETFs. While those areas would be negatively affected by a recession, infrastructure spending approved earlier in the Biden administration could help create solid demand even if the U.S. consumer weakens. Similarly, iShares highlighted the U.S. Infrastructure ETF (IFRA) and the MSCI Global Agriculture ETF (VEGI) in its 2023 outlook as potential winners, in part due to their inflation-hedging properties . In iShares' 2023 outlook, the firm identified its MSCI USA Value Factor ETF (VLUE) and Core S & P Small-Cap ETF (IJR) as two funds that could benefit from a low-growth environment.
☆ The wealthy are buying yachts and jets in record numbers, and they're doing it without having to put much cash down. Here is how it works.
  + stars: | 2022-01-19 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +7 min
The wealthy have been buying up yachts and jets without having to put much cash down. Borrowing against yachts or jets at the point of purchase — or shortly after — means customers can put up little to no cash to close the deals. Depending on the desirability of the asset, banks extend loans from half to nearly 100% of its value. Another benefit of lending against yachts and jets is that clients can still enjoy them during the loan. At Bank of America, 80% of its yacht-backed loans are for existing private bank clients, according to Verbit.
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