Mar 10, 2021 / 07:40PM GMT
Gerard Sean Cassidy - RBC Capital Markets, Research Division - MD, Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst
Good afternoon, everybody. This is Gerard Cassidy from RBC Capital Markets. Thank you for joining us for our afternoon fireside chat with Northern Trust. This is our 25th Annual Financial Institutions Conference. And we're very pleased to have Northern Trust. And as many of you know, Northern has about $170 billion in assets. It's the 14th largest bank in the United States. It has a very impressive market cap of $21 billion. And most importantly, its assets under custody today are a little bit over $11 trillion, assets under management are $1.4 trillion. The company's capital strength, as measured by the CET1 ratio, is 12.8%, and the company is similar to other banks, has a buyback in place for 2021 of about $635 billion.
We're very pleased today to have the Chief Financial Officer, Jason,Tyler, with us today for Northern Trust. He has assumed this role in January of 2020. Prior to that, he was the CFO of the wealth and management -- Wealth Management Area in 2018 and
Northern Trust Corp at RBC Capital Markets Global Financial Institutions Conference (Virtual) Transcript
Jan 23, 2024
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