CluenexNorthern Trust NTRS
Northern Trust scores average on business quality (5.3 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Northern Trust does
Northern Trust Corporation provides asset management, asset servicing, and wealth management for institutional and personal clients. Fees from managing massive pools of capital drive its revenue model.
- What it does best
Northern Trust excels at locking in institutional asset servicing clients through deeply integrated custody and fund administration platforms, producing a 17.1% ROE that outpaces KKR's 10.3%.
- The main risk
Shrinking revenue growth creates vulnerability. Revenue dropped nearly 10% to $14.5 billion recently, squeezing the top line and leaving little room for execution missteps in its core asset servicing mandates.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 21.6% with a net margin of 15.0%, delivering stable baseline earnings despite top-line contraction.
Institutional custody creates high switching costs that lock in asset owners, though its revenue growth ranks in the bottom decile of its sector at just 4%.
Revenue growth fell by 9.9% recently, reversing prior gains and dropping performance into the bottom quartile of its sector as top-line momentum fades.
Total debt sits at $159.2 billion against $61.1 billion in cash, and free cash flow turned negative at -$218 million, showing a softer balance-sheet position.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 insider bought $46K on the open market. 1 sold $333K outside pre-planned sales.
Our sealed record on NTRS
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Northern Trust scores average on the Cluenex quality check (5.3 of 10), measured against its own industry. Profitability is fair, moat weak, growth slow and financial health strong.
In the last 90 days of SEC Form 4 filings: 1 insider bought $46K on the open market. 1 sold $333K outside pre-planned sales.
Oct 21, 2026, before the open.
See NTRS today
- Today's verdict on NTRS, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Northern Trust (NTRS)”, https://cluenex.com/stocks/ntrs/, data as of Oct 10, 2026.