Loading…
Loading…
Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Dave Smith | Truist Securities | 11 | 0% |
| Ebrahim Poonawala | Bank of America | 10 | 0% |
| Glenn Schorr | Evercore ISI | 10 | 0% |
| Brennan Hawken | BMO Capital Markets | 10 | 30% |
| Gerard Cassidy | RBC Capital Markets | 10 | 0% |
| Betsy Graseck | Morgan Stanley | 9 | 0% |
| Alex Blostein | Goldman Sachs | 8 | 0% |
| Mike Mayo | Wells Fargo | 8 | 50% |
| Ken Usdin | Autonomous Research | 8 | 0% |
| Steve Chubak | Wolfe Research | 6 | 33% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Bank of America | 2 | 12 | 0% |
| RBC Capital Markets | 2 | 12 | 0% |
| Morgan Stanley | 2 | 11 | 0% |
| Truist Securities |
| 1 |
| 11 |
| 0% |
| Autonomous Research | 2 | 10 | 0% |
| BMO Capital Markets | 1 | 10 | 30% |
| Evercore ISI | 1 | 10 | 0% |
| Goldman Sachs | 1 | 8 | 0% |
Northern Trust extended its positive operating leverage streak to seven consecutive quarters, posting record NII of $662 million, up 15% year-over-year, and EPS of $2.71, up 43%. Trust fees grew 11% with strong organic growth, and asset servicing margin expanded to 28.3%. Capital markets revenue surged 34% on elevated volatility, and ROE reached 17.4%. Management raised FY2026 NII guidance to mid-to-high single digits from low-to-mid. Digital asset client onboarding accelerated, and the wealth management revenue-producer hiring push continued.
Demand | Margin | Revenue Growth | Competitive Dynamics | Cost Pressure | Capital Allocation | Credit | Macroeconomic | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 7 | 4 | 4 | 3 | 2 | 2 | |
| 2025Q1 | 7 | 3 | 6 | 3 | 4 | 3 | 2 | |
| 2025Q2 | 5 | 4 | 2 | 5 | 4 | 2 | ||
| 2025Q3 | 4 | 4 | 2 | 6 | 2 | 4 | 1 | |
| 2025Q4 | 3 | 6 | 5 | 2 | 2 | 1 | 2 | 1 |
| 2026Q1 | 7 | 4 | 4 | 2 | 2 | 2 | 4 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 4 | 7 | 5 | 4 | 3 | 7 |
| Margin | 7 | 3 | 4 | 4 | 6 | 4 |
| Revenue Growth | 4 | 6 | 2 | 2 | 5 | 4 |
| Competitive Dynamics | 4 | 3 | 5 | 6 | 2 | 2 |
| Cost Pressure | 3 | 4 | 2 | 2 | 2 | |
| Capital Allocation | 2 | 3 | 4 | 1 | 2 | |
| Credit | 2 | 4 | 2 | 4 | ||
| Macroeconomic | 2 | 2 | 1 | 1 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
NTRS Northern Trust | 9 | +7.8% | |
| AMP Ameriprise Financial | 8 | +9.0% | |
| ARES Ares Management Corporation | 9 | +40.8% | |
| BEN Franklin Resources | 8 | +8.7% | |
| BK BNY Mellon | 9 | +2.2% | |
| BLK BlackRock | 9 | +26.9% | |
| BX Blackstone Inc. | 8 | +39.3% | |
| IVZ Invesco | 8 | +14.1% | |
| KKR KKR | 7 | +31.0% | |
| STT State Street Corporation | 9 | +2.2% | |
| TROW T. Rowe Price | 6 | +5.3% |