Northern Trust Stock Slips Despite Strong Q2 Earnings
Northern Trust's stock price has slipped by about 1.4% to around $183.01 on the Nasdaq as of September 2, 2026, still below its recent 52-week high of $195.78 but up sharply year-to-date.
The company reported double-digit growth in Q2 2026, with revenue rising by 13% to $2.7 billion and diluted earnings per share increasing to $4.23 from $2.13 in the prior-year period.
Northern Trust generated a pre-tax gain of $525.4 million from a Visa Class B exchange offer, contributing to the strong quarterly results.
The company's assets under custody and administration reached $20 trillion in Q2 2026, up 11% year-over-year, while assets under management climbed by 16% to $2 trillion.
Northern Trust raised its full-year 2026 revenue and net interest income guidance to a growth range of 9 to 10%, signaling increased confidence in the earnings trajectory based on the second-quarter performance and current pipeline.