NASDAQFinancialsAsset ManagementSnapshot 2026-08-31
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Create your account →Intact: The reason to own it still holds.
Northern Trust grows revenue 14% yearly. EPS rose 43% last year. Noninterest income grew 33%. The company focuses on its main priorities.
Growth could slow below 9% revenue yearly. EPS gains may stall. Competition or regulation could hurt profits.
The price is about 23% above our fair value near $148. Analysts expect about 9% revenue growth. Our fair value is below the Street median of $179.
Breaks if: EPS falls below $11.87 in FY26
Breaks if: Noninterest income growth falls below 9% next year
Breaks if: YoY revenue growth falls below 9% next year
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on steady growth. The current thesis state is intact, supported by recent strong earnings and management's consistent execution of strategic priorities.
The market appears to have high expectations for NTRS, as it is considered expensive relative to its peers. The current valuation reflects a premium, indicating that investors are anticipating continued strong performance.
Fundamentals are likely to remain strong, given management's focus on executing strategic priorities and maintaining strong earnings per share (EPS) growth. Recent financial results show significant increases in revenue and net income, suggesting that this trend may continue.
The long-term thesis hinges on the performance of sector bellwethers like BLK, BX, and KKR. If these companies continue to report strong earnings, it could support NTRS's momentum, while any negative guidance from them could pose risks.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports a positive outlook. Recent moves to broaden fund administration in Asia Pacific can boost fee revenue. Winning new fund mandates enhances growth potential. There are no significant threats noted at this time.
as of 2026-08-31
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Overall, NTRS is positioned well for the next few years, but its valuation suggests that much of this positive outlook is already reflected in the stock. Not investment advice.
