Essays /

Northern Trust Bank Analysis Essay

Essay preview

Northern Trust is a leading provider of global financial solutions for investment management, asset servicing, and banking needs of corporations, institutions, and affluent individuals. Northern Trust is exclusively focused on the custody, management, and servicing of client assets in two target market segments, affluent individuals through its Personal Financial Services (PFS) business unit and its institutional investors worldwide through its Corporate and Institutional Services (C&IS) business unit.” 1 pg3 Northern trust markets these two business units via a third business unit (NTGI) Northern Trust Global Investments which delivers investment management related services and products. The company is focused in using technology as a key strategic advantage for cost control and facilitation of operations.

The Northern Trust Corp was founded in 1889 in Chicago Illinois and trades under the ticker symbol NTRS on the NASDAQ. The Trust is classified as a commercial bank in the super regional group with likes of U S Bancorp Inc, Wells Fargo & Company, S V B Financial Group, B B & T Corp. The company’s headquarters still reside in Chicago and it currently employs approximately 10,900 people. As of Feb 20, 2008 Northern Trust has a market capitalization of 15.4 Billion and has approximately $757B and $4.1T global assets under management and under custody respectively.

1.2 Background

“Northern Trust Corporation (corporation) is a financial holding company under the Gramm-Leach-Bliley Act and was originally organized as a bank holding company in 1971 to hold all of...

Read more


000 1 1.2 1.3 1.3.1 1.3.2 1.3.3 1.3.4 1.4 1.4.1 10 100 11 12 134.7 15 15.4 16 18 1889 1971 1978 20 2000 2003 2004 2006 2008 22 23 281.9 29 3.26 31 35 4.1 40 44 5 500 562.5 7 700 75 757b 80 900 account acquir acquisit act activ administr adopt advantag affluent agreement allianc also altern america analysi analyt announc approxim apr arrang asia asia-pacif asset associ aug b back background bancorp bangalor bank bare base becom billion bliley branch brokerag busi c capabl capit cash center charter chicago class classifi client close co collect commerci commiss common compani complet conduct consist consolid consult continu control corp corpor cost countri ct current custodi custom data databas dec decemb delawar deliv deutsch develop discuss distribut dublin dublin-bas effect emphasi employ enhanc equiti estat europ evolv exceed exchang exclus execut expect facilit famili fargo feb financi firm fix fixed-incom focus foreign found four fund global gramm gramm-leach-bliley group guardianship guernsey headquart hedg held here-in hewitt high high-net-worth histori hold illinoi inc includ incom incorpor individu institut intern invest investor jan joint june key known l.l.c larg last leach lead legaci lend like london made manag mar market master may meet mergent merger merger/divestiture million month mortgag multi multi-manag multipl name nasdaq nation need net network non non-unit north northern nortrust nov ntgi ntrs offer offic one open oper organ origin otherwis outstand owner pacif paid passiv payment peopl perform period person pfs pg3 place plan portfolio present price primarili princip privat process product profession provid purchas pursuant qualifi rang real recaptur recent region regist relat relationship relev report repres resid residenti respect result retir retire reuter revenu risk root sec sect secur segment separ seri servic settlement sever share singapor singl sold solut south special specifi stamford state still stock strateg structur subsidiari super support surviv symbol taken target technolog term text third ticker today total trace trade tradit transact transfer transit trillion trust two typic u ulster unit unless unregist us use v valu various ventur via wealth well worldwid worth wwot year