Citigroup (NYSE: C) is more of a traditional bank that makes its money by taking credit risk. When you think of Citigroup, you generally think of credit cards, mortgages, and corporate lending. In the first quarter, Citi took a $4.9 billion incremental allowance for loan losses due to COVID-19, which amounted to 0.22% of assets.

Northern Trust's (NTRS) Q1 results reflect higher fee income, partly muted by fall in net interest income, escalating expenses and provisions amid the coronavirus crisis.

CHICAGO--(BUSINESS WIRE)-- #Assets--The median plan in the Northern Trust Universe finished with a loss of 11.6 percent for the first quarter.

Jr NTR birthday: Here is a list of Jr NTR's best movies of the last decade you can watch online.

CHICAGO--(BUSINESS WIRE)--Northern Trust’s FlexShares® Exchange Traded Funds today announced new underlying indices for two of its bond funds, effective immediately. The Credit-Scored US Corporate Bond Index Fund (SKOR) will use the Northern Trust US Corporat…

The median plan in the Northern Trust Universe finished with a loss of 11.6 percent for the first quarter.

Q1 2020 Northern Trust Corp Earnings Call

At the end of last month, the fund had assets under management of $1.8bn, down from $3.8bn on February 28, according to Crane Data. Prime funds such as Prime Obligations invest the majority of their assets in very short-term debt — mostly commercial paper or overnight “repo” loans. The industry suffered withdrawals totalling $160bn in March, about 15 per cent of prime fund assets, according to Crane, before the Federal Reserve stepped in to support money markets and reversed the outflows.

Shares of Northern Trust (NASDAQ:NTRS) were unchanged at $79.33 in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share increased 4.73% year over year to $1.55, which beat the estimate of $1.45.Revenue of $1,588,000,000 rose by 7.22% from the same period last year, which beat the estimate of $1,540,000,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Northern Trust hasn't issued any revenue guidance for the time being.Conference Call Details Date: Apr 21, 2020View more earnings on NTRSTime: 11:02 AM ETWebcast URL: https://edge.media-server.com/mmc/p/sbz2fwpgPrice Action Company's 52-week high was at $110.48Company's 52-week low was at $60.67Price action over last quarter: down 23.77%Company Profile Northern Trust is a leading provider of wealth management, asset servicing, asset management, and banking to corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, Northern Trust has offices in 20 states and Washington, D.C., in the U.S. and 23 locations in Canada, Europe, the Middle East, and Asia-Pacific. As of December 2019, Northern Trust had assets under custody of just over $12 trillion and assets under management of roughly $1.2 trillion.See more from Benzinga * Recap: Snap-on Q1 Earnings * Recap: Lockheed Martin Q1 Earnings * Recap: Coca-Cola Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

(Bloomberg) -- Northern Trust Corp. is shutting down a money-market mutual fund after volatility in March spurred redemptions that sent it below a regulatory threshold for maintaining liquidity.The $1.7 billion Northern Institutional Prime Obligations Portfolio will stop accepting new investments next month and start selling its holdings under a liquidation plan set for July 10, according to a filing Monday. As a prime fund, it can invest in riskier securities than traditional money-market funds, including commercial paper, the term for short-dated bank debt and corporate IOUs.“The Board of Trustees has determined, after consideration of a number of factors, that it is in the best interests of the Prime Obligations Portfolio and its shareholders that the portfolio be liquidated and terminated,” the company said in its filing with the U.S. Securities and Exchange Commission.A spokesman for Chicago-based Northern Trust didn’t immediately have a comment.Prime funds suffered about $150 billion of outflows during the pandemic-fueled market sell-off in March, according to research firm Crane Data LLC, though much of the money has returned since the U.S. Federal Reserve stepped in to backstop the industry. The Northern Trust fund, however, hasn’t recovered roughly $2 billion in assets that left in March, according to data compiled by Bloomberg.Firms including Goldman Sachs Group Inc. and Bank of New York Mellon Corp. bought billions of dollars of securities from their prime funds when markets seized up, enabling them to stay above a 30% weekly minimum of cash and cash-like securities. Once a money-market fund goes below that level, the board can suspend withdrawals or charge a fee for redeeming, according to rule changes adopted after the last financial crisis.Northern Trust allowed the prime obligations portfolio to slip below the liquidity threshold, though the fund rose back above it after the Fed said it would provide a backstop.“This decision is probably a business decision as to whether Northern Trust wants to support the prime fund concept,” said Lance Pan, director of investment research and strategy at Capital Advisors Group in Newton, Massachusetts. “Knowing how institutional shareholders behave, the sponsor may just be deciding not to be on the hook for volatility in terms of asset flows.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

CHICAGO & LONDON--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) has enhanced its analytical capabilities to provide pension funds and other global institutional investors with heightened insights and transparency over their environmental, social and governan…

Northern Trust (Nasdaq: NTRS) has enhanced its analytical capabilities to provide pension funds and other global institutional investors with heightened insights and transparency over their environmental, social and governance (ESG) risk exposures.

Advisory firm recruiting is moving ahead despite the current market environment, according to a survey conducted this month by Northern Trust Asset Management’s FlexShares® Exchange Traded Funds. The survey found that 41 percent of financial advisors are making plans to grow their team in the near-term, defined as "during or soon after" this market downturn. Furthermore, over half of these firms (52 percent) anticipated updating their work-from-home policies after health concerns from the coronavirus have dissipated.

This article is part of our monthly series where we highlight five companies that are large cap, relatively safe, dividend paying, and are offering large discounts to their historical norms.These are not normal times, so we adjust our strategy a little bit to…

HOBOKEN, N.J.--(BUSINESS WIRE)--NICE (NASDAQ: NICE), a leading provider of financial communication compliance solutions, today announced the release of the integration of the NICE Trading Recording System (NTR) and the Microsoft Teams unified communications p…

The Australian cricketer and his wife once again took to TikTok to attempt replicating the Telugu star’s dance moves from the popular song

Northern Trust (Nasdaq: NTRS) has been appointed by Modular Asset Management (Singapore) Pte. Ltd. (Modular), a specialist Asian macro alternative investment management company licensed by the Monetary Authority of Singapore, for a new asset servicing mandate.

Northern Trust Corporation (NASDAQ:NTRS) just released its latest quarterly results and things are looking bullish...

CHICAGO--(BUSINESS WIRE)--Advisory firm recruiting is moving ahead despite the current market environment, according to a survey conducted this month by Northern Trust Asset Management’s FlexShares® Exchange Traded Funds. The survey found that 41 percent of f…

Northern Trust (NTRS) announced today it has enhanced its Foreign Exchange (FX) currency management solutions with machine learning models designed to enable greater oversight of thousands of daily data points and help reduce risk throughout the currency management lifecycle. The solution has been developed in conjunction with Northern Trust’s strategic partner Lumint Corporation.

TORONTO--(BUSINESS WIRE)-- #Assets--Defined benefit plans in the Northern Trust Canada Universe lost 7.1 percent at the median in the first quarter of 2020.

There are five reasons bank dividend cuts appear imminent for large banks.The implications of these five reasons are far-reaching.Restoration of bank dividends will depend on a economic rebound.Smaller, well-capitalized banks with sterling loan portfolios sho…

Northern Trust has decided to shutter one of its money-market funds that invests in commercial paper, known as a “prime” fund, after the fund experienced sharp outflows in March.

Northern Trust Corporation (Nasdaq: NTRS) announced today it is providing $100 million in low-cost funding to assist Community Development Financial Institutions (CDFIs) as they provide loans to small businesses and non-profit organizations under the federal Paycheck Protection Program (PPP).

CHICAGO & LONDON--(BUSINESS WIRE)--Northern Trust (NTRS) announced today it has enhanced its Foreign Exchange (FX) currency management solutions with machine learning models designed to enable greater oversight of thousands of daily data points and help reduc…

CHICAGO--(BUSINESS WIRE)--Northern Trust Corporation announced today that Chairman and CEO, Michael O’Grady, and Chief Financial Officer, Jason J. Tyler, will speak at the Deutsche Bank Global Financial Services Conference via webcast on Wednesday, May 27, 20…

The first-quarter earnings season has revealed how quickly companies are embracing digital and automation strategies, as they shift to dealing with consumers who are complying with stay-at-home rules and other restrictions on movement during the coronavirus p…

CHICAGO--(BUSINESS WIRE)--Northern Trust Corporation Chairman and CEO Michael O’Grady and Chief Financial Officer Jason J. Tyler are speaking at the Deutsche Bank Global Financial Services Conference via webcast today at 4:00 p.m. (ET). The live audio webcast…

Defined benefit plans in the Northern Trust Canada Universe lost 7.1 percent at the median in the first quarter of 2020.

Northern Trust Corporation Chairman and CEO Michael O’Grady and Chief Financial Officer Jason J. Tyler are speaking at the Deutsche Bank Global Financial Services Conference via webcast today at 4:00 p.m. (ET).

A gold allocation is added due to Federal and Central Bank stimulus actions.Moving to higher credit quality holdings better able to weather an extended recession.The account is down for the year but has outperformed the S&P500.

Northern Trust declared a quarterly cash dividend of 70 cents per share on its common stock.

Below we focus on three top-ranked Northern Trust mutual funds. Each has earned a Zacks Mutual Fund Rank 1 (Strong Buy)

SINGAPORE--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) has been appointed by Modular Asset Management (Singapore) Pte. Ltd. (Modular), a specialist Asian macro alternative investment management company licensed by the Monetary Authority of Singapore, for a…

Northern Trust (Nasdaq: NTRS) has named Alison Pain as chief technology officer (CTO) for the Europe, Middle East, Africa (EMEA) region.

Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down…

CHICAGO--(BUSINESS WIRE)--Northern Trust Corporation (Nasdaq: NTRS) announced today it is providing $100 million in low-cost funding to assist Community Development Financial Institutions (CDFIs) as they provide loans to small businesses and non-profit organi…

Big and small: Genetically encoded activators and small synthetic probes can be used in combination to tackle complex problems in chemical biology. In this Minireview, a few applications in imaging, with a focus on super‐resolved techniques, and in probe and …

CHICAGO--(BUSINESS WIRE)-- #Assets--The report center is used by more than 80,000 asset manager and institutional investor clients in more than 50 countries.

The report center is used by more than 80,000 asset manager and institutional investor clients in more than 50 countries.