News by sections
ESG

News by region
Issue archives
Archive section
Multimedia
Videos
Search site
Features
Interviews
Country profiles
Generic business image for news article Image: Shutterstock

27 October 2017
Chacago
Reporter Jenna Lomax

Share this article





Northern Trust sees custody earnings increase

Northern Trust's custody and administration earnings have increased by 13 percent, from $299.4 million in Q3 2016 to $338.1 million last quarter.

This was mainly attributed to new business wins, as well as the favourable impact of movements in foreign exchange rates, and favourable equity markets.

Elsewhere, securities lending activities have remained much the same since Q3 2016.

Northern Trust's securities lending earnings saw just a 1 percent decrease compared to the same period in 2016.

Lending revenue hit $22.8 million last quarter, compared to $23.1 million in Q3 2016.

In its quarterly revenue report, Northern Trust blamed this slight drop on lower spreads and fee splits, although these were partially offset by increased loan volumes in the current quarter.

Advertisement
Get in touch
News
More sections
Black Knight Media