Northern Trust Corporation Report

Company Overview

Northern Trust Corporation is an American financial services company headquartered in Chicago, Illinois at 50 South La Salle Street. Founded over 135 years ago, it has evolved from a local bank into a global financial leader.

Size & Scale

- Employees: 23,300 worldwide (as of December 2024)

- Assets Under Management: $1.6 trillion

- Assets Under Custody: $16.8 trillion

- Annual Revenue: $15.876B (2024), representing a 31.02% increase from 2023

- Market Position: Ranked 486th on Fortune 1000 (as of 2019)

Global Locations

- US Presence: Offices in 20 US states

- International: 23 countries across Canada, Europe, Middle East, and Asia-Pacific

- Total: 20+ locations globally

Core Activities

- Wealth Management: Premier private banking services

- Asset Management: One of the world's largest asset managers

- Asset Servicing: Institutional custody and fund services

- Corporate & Institutional Services: Banking solutions for corporations

- Investment Management: Portfolio management and advisory services

Key Achievements & Recognition

- Best Private Bank in US: 13 times winner out of the last 16 years

- Fortune's Most Admired Companies: 19 consecutive years (2025)

- Digital Excellence: Best Private Bank for Digital Wealth Planning

- Industry Leadership: Multiple awards from Financial Times and PWM

Historical Milestones

- 1889: Founded in Chicago

- 30+ Year Journey: Transformation from local bank to global financial institution

- 2024: Continued investment in digital capabilities and stewardship resources

- Recent: Participation in Visa Exchange Offer generating $896.7M pre-tax gain

Financial Performance

- 2024 Revenue: $15.876B (31.02% increase)

- Q1 2025: $15.824B trailing twelve months revenue

- Strong Growth: 56.31% revenue increase from 2022 to 2023

Market Reputation

Northern Trust is considered highly prestigious, particularly in wealth management and asset servicing. The company maintains a conservative business model, strong financial position, and avoids potential conflicts of interest.