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Northern Trust (NTRS) Rolls Out A-Suite for Asset Owners

Northern Trust Corporation NTRS has launched A-Suite, a one-of-its-kind content hub for global asset owners and allocators. The platform will offer asset owners the latest insights, research, and collaboration opportunities.

The platform will aid more than 1,800 global asset owner clients across corporations, not-for-profits, public funds, central banks, insurance companies, superannuation and sovereign wealth funds. By providing access to proprietary research and custom content, NTRS supports the increasingly sophisticated needs of complex asset owners and allocators. The company also expects to add numerous new features and capabilities to the platform.

Per management, "Our goal is to empower the missions of asset owners — helping them to optimize returns so they are able to best serve their constituents and communities. With A-Suite we aim to help further those missions to an even greater extent.”

Angelo Calvitto, head of the APAC region at Northern Trust, remarked, "Asset owners all over the world face many similar investment challenges. Providing a destination platform and content hub for this community demonstrates our desire to stay one step ahead in supporting their evolving needs."

NTRS’ business strategy underlines quality financial service offerings to targeted market segments with a competitive advantage and favorable growth prospects. In line with this, the company offers best-in-class, holistic solutions tailored to meet clients’ needs. Moreover, it focuses on the development and growth of recurring fee-based income sources. Hence, the launch of A-Suite is in line with its business strategy.

However, its non-interest expenses witnessed a compounded annual growth rate (CAGR) of 7% over the last three years (2020-2022). The rising trend continued in first-quarter 2023 as well. Northern Trust’s expenses are expected to remain high on rising compensation, and equipment and software expenses. Hence, we believe that an increasing expense trend will hinder bottom-line growth in the upcoming quarters.

In the past three months, shares of NTRS have fallen 18.6% compared with the industry's 10.3% decline.


Zacks Investment Research
Zacks Investment Research

Image Source: Zacks Investment Research


The company currently carries a Zacks Rank #4 (Sell).

Bank Stocks Worth a Look

A couple of better-ranked stocks from the finance space are Pathward Financial, Inc. CASH and First Citizens BancShares FCNCA.

The Zacks Consensus Estimate for Pathward Financial’s current-year earnings has been revised 1.8% upward over the past 60 days. Its shares have gained 15.9% in the past six months. Currently, CASH carries a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

First Citizens BancShares currently sports a Zacks Rank #1. Its earnings estimates for 2023 have been revised 67% upward over the past 30 days. In the past six months, FCNCA shares have rallied 63.3%.

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Northern Trust Corporation (NTRS) : Free Stock Analysis Report

First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report

Pathward Financial, Inc. (CASH) : Free Stock Analysis Report

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