Discontinued — last reported Q3 '24
Wealth Management segment — Revenue Including Fully Taxable Equivalent Adjustment
Northern Trust Wealth Management segment — Revenue Including Fully Taxable Equivalent Adjustment increased by 2.6% to $807.80M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 13.8%, from $709.70M to $807.80M. Over 2 years (FY 2021 to FY 2023), Wealth Management segment — Revenue Including Fully Taxable Equivalent Adjustment shows relatively stable performance with a 0.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests growth in assets under management, successful client acquisition, or higher fee-based service utilization. A decrease may indicate market volatility impacting asset-based fees or loss of client assets.
Detailed definition
This metric represents the total revenue generated by the wealth management business unit, adjusted to a fully taxable-e...
Peer comparison
Peers in the trust and private banking industry report similar segment revenues, though variations exist based on the inclusion of specific banking or brokerage service fees.
ntrs_segment_wealth_management_segment_revenue_including_fully_taxable_equivalent_adjustmentHistorical 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 | $695.70M | $730.20M | $753.20M | $738.90M | $750.90M | $735.50M | $716.40M | $725.30M | $728.90M | $709.70M | $719.90M | $780.50M | $787.30M | $807.80M |
| QoQ Change | — | +5.0% | +3.1% | -1.9% | +1.6% | -2.1% | -2.6% | +1.2% | +0.5% | -2.6% | +1.4% | +8.4% | +0.9% | +2.6% |
| YoY Change | — | — | — | — | +7.9% | +0.7% | -4.9% | -1.8% | -2.9% | -3.5% | +0.5% | +7.6% | +8.0% | +13.8% |
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Frequently Asked Questions
- What is Northern Trust's wealth management segment — revenue including fully taxable equivalent adjustment?
- Northern Trust (NTRS) reported wealth management segment — revenue including fully taxable equivalent adjustment of $807.80M in Q3 2024.
- How has Northern Trust's wealth management segment — revenue including fully taxable equivalent adjustment changed year-over-year?
- Northern Trust's wealth management segment — revenue including fully taxable equivalent adjustment increased by 13.8% year-over-year, from $709.70M to $807.80M.
- What is the long-term trend for Northern Trust's wealth management segment — revenue including fully taxable equivalent adjustment?
- Over 2 years (2021 to 2023), Northern Trust's wealth management segment — revenue including fully taxable equivalent adjustment has grown at a 0.5% compound annual growth rate (CAGR), from $2.86B to $2.88B.
- What does wealth management segment — revenue including fully taxable equivalent adjustment mean?
- The total revenue earned by the wealth management division, adjusted to account for tax-exempt income on a comparable basis.