Discontinued — last reported Q3 '24
WEALTH MANAGEMENT — Provision (Benefit) for Income Taxes
Northern Trust WEALTH MANAGEMENT — Provision (Benefit) for Income Taxes increased by 12.9% to $75.10M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 10.9%, from $67.70M to $75.10M. Over 2 years (FY 2021 to FY 2023), WEALTH MANAGEMENT — Provision (Benefit) for Income Taxes shows a downward trend with a -11.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Changes generally track pre-tax income, but significant deviations may indicate changes in effective tax rates or tax planning strategies.
Detailed definition
This represents the estimated income tax expense or benefit allocated to the wealth management segment based on its pre-...
Peer comparison
Standard tax provision reporting found in segment-level financial disclosures.
ntrs_segment_wealth_management_provision_benefit_for_income_taxesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $80.50M | $84.30M | $73.70M | $78.30M | $90.70M | $79.60M | $61.40M | $66.10M | $73.70M | $67.70M | $38.40M | $81.40M | $66.50M | $75.10M |
| QoQ Change | — | +4.7% | -12.6% | +6.2% | +15.8% | -12.2% | -22.9% | +7.7% | +11.5% | -8.1% | -43.3% | +112.0% | -18.3% | +12.9% |
| YoY Change | — | — | — | — | +12.7% | -5.6% | -16.7% | -15.6% | -18.7% | -14.9% | -37.5% | +23.1% | -9.8% | +10.9% |
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Frequently Asked Questions
- What is Northern Trust's wealth management — provision (benefit) for income taxes?
- Northern Trust (NTRS) reported wealth management — provision (benefit) for income taxes of $75.10M in Q3 2024.
- How has Northern Trust's wealth management — provision (benefit) for income taxes changed year-over-year?
- Northern Trust's wealth management — provision (benefit) for income taxes increased by 10.9% year-over-year, from $67.70M to $75.10M.
- What is the long-term trend for Northern Trust's wealth management — provision (benefit) for income taxes?
- Over 2 years (2021 to 2023), Northern Trust's wealth management — provision (benefit) for income taxes has grown at a -11.9% compound annual growth rate (CAGR), from $317.00M to $245.90M.
- What does wealth management — provision (benefit) for income taxes mean?
- The amount of income tax expense or benefit attributed to the wealth management segment.