Northern Trust Sells $1.2B Guardianship Unit to Wintrust
NTRS sits 53% above its 52-week low of $118.99.
Summary
Northern Trust has agreed to sell its guardianship services unit, which manages approximately $1.2 billion in assets under management, to Wintrust's trust arm. This strategic divestiture follows the company's strong first-quarter results and updated financial targets reported in April. While the specific financial terms of the deal remain undisclosed, it indicates a potential streamlining of operations. The transaction is expected to close later in 2026.
At the time of this announcement, NTRS was trading at $181.50 on NASDAQ in the Finance sector, with a market capitalization of approximately $33.5B. The 52-week trading range was $118.99 to $181.21. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.