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Northern Trust, with $18.2 trillion in assets under administration, announced a major leadership overhaul effective January 1, 2026, creating a new Chief Transformation Officer role.
A comparison of U.S. Bancorp (USB) and Northern Trust (NTRS) reveals a stronger value proposition for USB, supported by superior valuation metrics and a more favorable analyst rating. Amid a recent Federal Reserve rate cut, U.S. Bancorp's proactive operational adjustments and robust fundamentals position it favorably against its peer.
Northern Trust (NTRS) cut its prime rate to 6.75% in a move mirrored by other major banks, signaling broad pressure on lending margins. However, the firm simultaneously announced it has secured $385 billion in new asset servicing mandates, potentially offsetting the impact.