NORTHERN TRUST CORPORATION
|
|
- Jasmine Chandler
- 5 years ago
- Views:
Transcription
1 Service Expertise Integrity NORTHERN TRUST CORPORATION 2008 Annual Meeting of Stockholders William A. Osborn Chairman April 15, Northern Trust Corporation
2 Service Expertise Integrity NORTHERN TRUST CORPORATION 2008 Annual Meeting of Stockholders Frederick H. Waddell President & Chief Executive Officer April 15, Northern Trust Corporation
3 Today s Agenda Current Environment Outstanding Financial Performance Northern Trust: Client Centric and Highly Focused Conclusion Q & A 3 Service Expertise Integrity
4 Service Expertise Integrity Current Environment 2008 Northern Trust Corporation
5 Current Environment The environment beginning in the summer of 2007 and continuing today has been characterized by uncertainty, complexity and volatility. UNCERTAINTY Housing Market Correction is Incomplete Northern Trust Global Economic Research, Week in Review, March 28, 2008 Bernanke Warns U.S. Economy Could Shrink FinancialTimes.com, April 2, 2008 Jobs Data Fuel Recession Fears WSJ.com, April 4, 2008 COMPLEXITY Counterparty concerns are causing severe strains in interbank and other lending markets. Financial Stability Forum, March 29, 2008 The latest losses in markets outside the U.S. signal that investors remain deeply worried about the global repercussions of the financial crisis in the U.S. WSJ.com, March 31, 2008 VOLATILITY The U.S. dollar recently hit record lows against the euro and Swiss franc and its lowest level in 12 years against the yen. FinancialTimes.com, March 26, 2008 S&P 500: 27 notable daily moves from July 2007 through March 2008 Securities writedowns and senior management shakeups at major global banks and brokerage firms continue 5 Service Expertise Integrity
6 Strong Performance in 2007, Despite Tumultuous Environment Northern Trust: No securities or leveraged loan write-downs Credit quality improved: nonperforming assets decreased and reserve ratios improved Operating EPS: Completed 12 th consecutive quarter of double-digit, year-over-year growth Common Equity: Completed 79 th consecutive quarter of growth Record operating net income, up 23% vs 2006 Record total revenues, up 17% vs 2006 Strong 16% growth in assets under custody vs 2006 Strong 9% growth in assets under management vs Service Expertise Integrity
7 Service Expertise Integrity Outstanding Financial Performance 2008 Northern Trust Corporation
8 Record Financial Performance in 2007 Trust, Inv. & Other Servicing Fees Other Non-Interest Income Net Interest Income Total Revenues Non-Interest Expenses* Net Income* Earnings Per Share* Fiscal Year 2007 $2,078 Million $600 Million $894 Million $3,572 Million $2,280 Million $821 Million $3.66 % Growth 2006 to % +26% +13% +17% +17% +23% +22% Assets Under Custody Global Custody Assets Assets Under Management $4.1 Trillion $2.1 Trillion $757 Billion +17% +23% +9% *Excludes the impact of the Fourth Quarter 2007 $150 million VISA indemnification charge due to its non-operating nature 8 Service Expertise Integrity
9 Record Revenues and Net Income in 2007 Revenues ($ Billions) Net Income ($ Millions) 10-YEAR CAGR: 10% 10-YEAR CAGR: 10% $3.6 $821 $3.1 $2.7 $665 $1.4 $1.6 $1.8 $2.1 $2.2 $2.1 $2.1 $2.3 R E C O R D $506 $485 $488 $447 $405 $405 $354 $584 R E C O R D $ Note: 2007 net income excludes the $150 million VISA charge due to its non-operating nature Service Expertise Integrity
10 Client Assets Also Reached Record Levels in 2007 Assets Under Custody ($ Trillions) Assets Under Management ($ Billions) AUC 10-YEAR CAGR: 14% S&P YEAR CAGR: 4% $4.1 AUM 10-YEAR CAGR: 14% S&P YEAR CAGR: 4% $757 $3.5 $697 $2.9 $572 $618 $1.5 $1.6 $1.7 $1.5 $2.1 $2.6 R E C O R D Acquired $75 BN Index Assets $326 $320 $292 $303 $479 R E C O R D $1.1 $1.3 S&P500 $233 $197 S&P Service Expertise Integrity
11 Increasing Contribution from International Activities Global Custody Assets ($ Trillions) International Contribution to Corporate Net Income GCA 10-YEAR CAGR: 30% EAFE 10-YEAR CAGR: 7% $2.1 46% $1.7 35% $1.2 $1.0 27% 29% $0.1 $0.2 $0.3 $0.4 $0.5 $0.5 $0.7 23% 21% 19% 22% 24% 21% 24% Note: 2007 international contribution to corporate net income excludes the effect of the VISA charge due to its non-operating nature 11 Service Expertise Integrity
12 Differentiated Business Model Revenue Stream Dominated by Fee Income 74% of Total Revenues derived from Non-Interest Income in Top 20 Bank average equaled 48%. Loan Portfolio High Quality Nonperforming assets represented only 0.12% of total outstanding loans as of December 31, Top 20 Bank average equaled 0.87%. Nonperforming assets were covered 5.1x by credit loss reserves as of December 31, Top 20 Bank average equaled 2.3x. Securities Portfolio High Quality and Short Duration 93% of Northern Trust s total securities portfolio was composed of triple-a rated securities as of December 31, % of Earning Assets reprice or mature within one year as of December 31, Top 20 Bank average equals 52%. 79% of Interest-Bearing Deposit liabilities reprice or mature within one year as of December 31, Top 20 Bank average equals 48%. Top 20 Bank Source: FR Y-9C reports and SNL Financial 12 Service Expertise Integrity
13 Leading Stock Price Performance Full Year 2007 % % % 1. Northern Trust Bank of America KeyCorp State Street Comerica Capital One Bank of NY Mellon +10.2* 10. SunTrust Fifth Third JPMorgan Chase BB&T M&I Bank PNC Bank Wachovia Citigroup US Bancorp M&T Bank National City Wells Fargo Regions Average (excl. NTRS): S&P 500: +3.5 *Reflects the change from the newly merged Bank of NY Mellon s initial trading date of 7/2/ Service Expertise Integrity
14 Strong Performance Continued in First Quarter 2008 Tumultuous environment continued in First Quarter /31/08 vs 3/31/07: S&P %; EAFE -16.9% Northern Trust: Record operating net income, up 24% vs First Quarter 2007 Record total revenues, up 19% vs First Quarter % growth in assets under custody vs First Quarter % growth in assets under management vs First Quarter th Operating EPS: Completed 13 th consecutive quarter of double-digit, year-over-year growth Common Equity: Completed 80 th consecutive quarter of growth Credit quality improved: nonperforming assets decreased and reserve ratios improved vs First Quarter 2007 No securities or leveraged loan write-downs 14 Service Expertise Integrity
15 Service Expertise Integrity Northern Trust: Client Centric and Highly Focused 2008 Northern Trust Corporation
16 Client-centric and Highly Focused Northern Trust Clients Institutional Clients Personal Clients Two Client Channels Pension Funds Large Corporations Investment Management Firms Foundations / Endowments / Healthcare Insurance Companies Government Agencies Taft-Hartley Individuals Families Asset Servicing Asset Management Banking Highly Focused Business Integrated Operations & Technology Platform One Operating Platform 16 Service Expertise Integrity
17 Client-centric and Highly Focused While we do adjust our actions to align with prevailing conditions, Northern Trust has resisted the temptation to change our business or risk profile to capitalize on temporarily shifting cycles. Businesses Northern Trust is NOT in: Investment Banking Sub-Prime Mortgage Underwriting Asset Backed Commercial Paper Conduits Private Equity Bridge Financing Discount Brokerage American Depositary Receipts Credit Cards Retail Banking Consumer Finance Venture Capital Stock Transfer DC Record Keeping 17 Service Expertise Integrity
18 Personal Financial Services Extensive Reach in High Growth Target Market 85 PFS Offices in 18 States Over 50% of the U.S. millionaire market resides within a 45-minute drive of Northern Trust offices. Projected Annual Household Growth Rates % Washington (1) California (11) Nevada (1) Arizona (8) Colorado (1) Minnesota (1) Wisconsin (1) Illinois (19) Missouri (1) Michigan (3) Ohio (1) Georgia (1) Massachusetts (1) Connecticut (1) New York (1) Delaware (1) 8.1% $1-$10 Million 9.9% $10-$75 Million $75+ Million Texas (7) Florida (25) Growth Rate by Household Asset Size 18 Service Expertise Integrity
19 Corporate & Institutional Services Positioned Globally for Growth Positioned to serve clients locally and capitalize on global opportunities. North America Europe, Middle East, & Africa Chicago (Corporate Headquarters) Toronto New York Dublin Limerick Guernsey Jersey London Amsterdam Luxembourg Abu Dhabi Asia Pacific Tokyo Beijing Hong Kong Bangalore Singapore Melbourne 17 Locations Worldwide Clients in 41 Countries Trade Settlement in 90+ Markets 19 Service Expertise Integrity
20 Northern Trust Global Investments Diversified, World Class Investment Manager $778.6 Billion Assets Under Management as of March 31, 2008 A Diversified Asset Manager Across Asset Classes Across Client Segments Across Styles Equities Short $274 Billion Duration (36%) $387 Billion Short Equities (50%) Duration $283 Fixed Billion $400 Billion (36%) Income (52%) $84 Bn (11%) Institutional $633 Billion Personal $146 Billion Active $457 Billion (59%) Quantitative $281 Billion (36%) Other $11 Billion (1%) Fixed Income $98 Billion (13%) Manager of Managers $41 Billion (5%) 20 Service Expertise Integrity
21 Northern Trust Open Increased Global Brand Awareness Enhanced understanding of Northern Trust capabilities and services Strengthened corporate brand perceptions Deepened Relationships Premium on- and off-course hospitality for personal and institutional clients from around the world Strengthened Our Presence In California Increased local charitable component of the Tournament Created a platform to build and grow client relationships and strategic partnerships 21 Service Expertise Integrity
22 Service Expertise Integrity Conclusion 2008 Northern Trust Corporation
23 Well Positioned for Continued Success Success Due to Enduring Principles and Strategies: Attractive Demographic Markets Focused and Conservative Strategy Client Centricity Excellence in Execution Consistent Leadership and Philosophy 23 Service Expertise Integrity
24 Delivering High Performance Results Over the Long-Run December 31, 2002 through March 31, % CAGR since 12/31/02: NTRS 13% S&P 500 8% KBW50 1% 120% 90% As of 3/31/08: NTRS +90% $ % 30% 0% S&P % KBW50 +6% -30% Service Expertise Integrity
25 Forward Looking Statement This presentation may include forward-looking statements such as statements that relate to Northern Trust s financial goals, dividend policy, expansion and business development plans, anticipated expense levels and projected profit improvements, business prospects and positioning with respect to market, demographic and pricing trends, strategic initiatives, re-engineering and outsourcing activities, new business results and outlook, changes in securities market prices, credit quality including reserve levels, planned capital expenditures and technology spending, anticipated tax benefits and expenses, and the effects of any extraordinary events and various other matters (including with respect to litigation, other contingent liabilities and obligations, and regulation involving Northern Trust and changes in accounting policies, standards and interpretations) on Northern Trust s business and results. These statements speak of Northern Trust s plans, goals, targets, strategies, beliefs, and expectations, and refer to estimates or use similar terms. Actual results could differ materially from those indicated by these statements because the realization of those results is subject to many risks and uncertainties. Our 2007 financial annual report and periodic reports to the SEC contain information about specific factors that could cause actual results to differ, and you are urged to read them. Northern Trust disclaims any continuing accuracy of the information provided in this presentation after today. 25 Service Expertise Integrity
26 Service Expertise Integrity NORTHERN TRUST CORPORATION 2008 Annual Meeting of Stockholders Rick Waddell President & Chief Executive Officer Bill Osborn Chairman 2008 Northern Trust Corporation
NORTHERN TRUST CORPORATION
NORTHERN TRUST CORPORATION Frederick H. Waddell Chairman & Chief Executive Officer CLSA AsiaUSA Forum 2010 San Francisco, California March 2, 2010 2010 Northern Trust Corporation Forward Looking Statement
More informationNORTHERN TRUST CORPORATION
NORTHERN TRUST CORPORATION Frederick H. Waddell Chairman & Chief Executive Officer Citigroup Financial s Conference The Waldorf=Astoria Hotel New York, New York March 11, 2010 2010 Northern Trust Corporation
More informationNORTHERN TRUST CORPORATION
NORTHERN TRUST CORPORATION Steven L. Fradkin Executive Vice President & Chief Financial Officer Merrill Lynch Banking & Financial s Conference New York City November 13, 2008 2008 Northern Trust Corporation
More informationNorthern Trust: Client Centric and Highly Focused
N O R T H E R N T R U S T C O R P O R A T I O N Northern Trust: Client Centric and Highly Focused Lehman Brothers 2007 Financial Services Conference September 11, 2007 New York City Frederick H. Waddell
More informationNorthern Trust Corporation
P R I N C I P L E S T H A T E N D U R E Service Expertise Integrity Northern Trust Corporation William L. Morrison Executive Vice President & Chief Financial Officer Morgan Stanley Financials Conference
More informationStrategic Differentiation
Strategic Differentiation Lehman Brothers 2005 Financial Services Conference The Hilton New York September 14, 2005 Copyright 2005 by Corporation Forward Looking Statement This presentation may include
More informationNorthern Trust Managing Our Business Across Cycles
N O R T H E R N T R U S T C O R P O R A T I O N Northern Trust Managing Our Business Across Cycles Citigroup Financial Services Conference January 29, 2008 New York City Steven L. Fradkin Executive Vice
More informationBancAnalysts Association of Boston 25 th Annual Fall Conference
N O R T H E R N T R U S T C O R P O R A T I O N BancAnalysts Association of Boston 25 th Annual Fall Conference November 2, 2006 Steven L. Fradkin Executive Vice President & Chief Financial Officer 2006
More informationNorthern Trust Corporation
Northern Trust Corporation Frederick H. Waddell Chairman & Chief Executive Officer Goldman Sachs US Financial s Conference Goldman Sachs Conference e Centere New York, New York December 7, 2010 2010 Northern
More informationWilliam Blair & Company 30 th Annual Growth Stock Conference
William Blair & Company 30 th Annual Growth Stock Conference Frederick H. Waddell, Chairman and Chief Executive Officer Northern Trust Corporation June 16, 2010 1 2010 Northern Trust Corporation Forward
More informationBancAnalysts Association of Boston 31 st Annual Bank Conference: Operating in a Suboptimal Environment
N O R T H E R N T R U S T C O R P O R A T I O N Service Expertise Integrity BancAnalysts Association of Boston 31 st Annual Bank Conference: Operating in a Suboptimal Environment Michael G. O Grady Executive
More informationNorthern Trust Global Investments
Northern Trust Global Investments Stephen N. Potter President, NTGI Principles That Endure INVESTOR DAY 2008 2008 Northern Trust Corporation Key Strategic Priorities Northern Trust Global Investments Aligned
More information2005 FINANCIAL ANNUAL REPORT TO SHAREHOLDERS
Northern Trust Corporation 2005 FINANCIAL ANNUAL REPORT TO SHAREHOLDERS FINANCIAL REVIEW 2 MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 32 MANAGEMENT S REPORT
More informationNORTHERN TRUST GLOBAL INVESTMENTS
Investor Day 2005 Northern Trust Strategic Differentiation NORTHERN TRUST GLOBAL INVESTMENTS Terence J. Toth President Today s Agenda NTGI Strategic Profile Competitive Differentiators Market Position
More informationNorthern Trust: Strategic Diversification in Asset Gathering UBS Asset Gathering Conference
N O R T H E R N T R U S T C O R P O R A T I O N Northern Trust: Strategic Diversification in Asset Gathering UBS Asset Gathering Conference Steven L. Fradkin Executive Vice President & Chief Financial
More informationL. Phillip Humann, Chairman, President & CEO
2002 Global Financial Services Conference L. Phillip Humann, Chairman, President & CEO April 24, 2002 New York FORWARD LOOKING STATEMENT DISCLOSURE Today s presentation and discussion, including related
More informationS P E C I A L I S T A D M I N I S T R A T I O N L O N G - T E R M C O M M I T M E N T. I n f r a s t r u c t u r e F u n d S e r v i c e s
S P E C I A L I S T A D M I N I S T R A T I O N L O N G - T E R M C O M M I T M E N T I n f r a s t r u c t u r e F u n d S e r v i c e s C O M P R E H E N S I V E A N D C U S T O M I S E D Overseeing
More informationfinancial review MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
financial review 2 MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 32 MANAGEMENT S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING 33 REPORT OF INDEPENDENT REGISTERED
More information2015 Annual Meeting of Stockholders
N O R T H E R N T R U S T C O R P O R A T I O N 2015 Annual Meeting of Stockholders April 21, 2015 Frederick H. Waddell Chairman & Chief Executive Officer 2015 Northern Trust Corporation northerntrust.com
More informationO P E R A T I O N A L A N D C O S T E F F I C I E N C I E S F O R A C O M P E T I T I V E E D G E
O P E R A T I O N A L A N D C O S T E F F I C I E N C I E S F O R A C O M P E T I T I V E E D G E I n v e s t m e n t O p e r a t i o n s O u t s o u r c i n g F O C U S O N Y O U R C O R E S T R E N
More informationNorthern Trust Corporation
P R I N C I P L E S T H A T E N D U R E Service Expertise Integrity Northern Trust Corporation Frederick H. Waddell Chairman & Chief Executive Officer Goldman Sachs US Financial Services Conference 2013
More informationNorthern Trust Corporation
P R I N C I P L E S T H A T E N D U R E Service Expertise Integrity Northern Trust Corporation Fourth Quarter 20 Quarterly Earnings Review January 8, 202 202 Northern Trust Corporation northerntrust.com
More informationADVANCING YOUR ORGANIZATION S MISSION. Services for Foundations and Endowments
ADVANCING YOUR ORGANIZATION S MISSION Services for Foundations and Endowments CHAMPIONING YOUR CAUSE You have an important mission to promote, but managing the financial details can be challenging. Overseeing
More informationL. Phillip Humann Chairman, President and CEO
L. Phillip Humann Chairman, President and CEO Merrill Lynch Banking and Financial Services Conference November 2004 This presentation contains forward-looking statements within the meaning of the Private
More informationCORPORATE & INSTITUTIONAL
Investor Day 2005 Northern Trust Strategic Differentiation CORPORATE & INSTITUTIONAL SERVICES Rick Waddell President Today s Agenda C&IS Strategic Profile Competitive Differentiators Focus Client Service
More informationWilmington Trust to Merge with M&T Bank Corporation
Wilmington Trust to Merge with M&T Bank Corporation M&T Gains Leading Market Share in Delaware, Adds to Strong Mid-Atlantic Franchise Combined Company Leverages Wilmington Trust s Highly Regarded Wealth
More informationCitigroup: RBS Americas 11 th March 2008
Citigroup: RBS Americas 11 th March 2008 Important Information This presentation may contain forward looking statements, including such statements within the meaning of Section 27A of the US Securities
More informationGrowing Revenue with a Superior Balance Sheet
May 24, 2011 Growing Revenue with a Superior Balance Sheet Presented by: Todd Gibbons Vice Chairman & CFO Nomura North America Investor Day 2011 Cautionary Statement A number of statements in our presentations,
More informationU.S. Bancorp Fixed Income Investor Presentation
U.S. Bancorp Fixed Income Investor Presentation May 2017 U.S. BANCORP Forward-looking Statements and Additional Information The following information appears in accordance with the Private Securities Litigation
More informationNORTHERN TRUST CORPORATION (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationANNUAL MEETING OF STOCKHOLDERS. April 8, 2014
ANNUAL MEETING OF STOCKHOLDERS April 8, 2014 Cautionary Statement A number of statements in our presentations, the accompanying slides and the responses to your questions are forward-looking statements.
More informationNORTHERN TRUST CORPORATION REPORTS FIRST QUARTER NET INCOME OF $276.1 MILLION, EARNINGS PER COMMON SHARE OF $1.09
News Release Investor Contact: Media Contact: Mark Bette Doug Holt (312) 444-2301 (312) 557-1571 Mark_Bette@ntrs.com Doug_Holt@ntrs.com https://www.northerntrust.com FOR IMMEDIATE RELEASE NORTHERN TRUST
More informationInfrastructure and Private Credit AMAFORES / FIAP Conference
Infrastructure and Private Credit AMAFORES / FIAP Conference October 31 2017 Participation in Alternative Assets INSTITUTIONAL INVESTORS BYNUMBER OF ALTERNATIVE ASSET CLASSESINVESTED IN None One Two Three
More informationLimerick Institute of Technology Careers Evening
N O R T H E R N T R U S T Limerick Institute of Technology Careers Evening 28 th February 2012 Bryan Sheedy Officer Northern Trust Limerick Antoinette O Donovan Ireland Recruiter 2009 Northern Trust Corporation
More informationJ.P. Morgan Funds 2018 Distribution Notice
J.P. Morgan Funds 2018 Distribution Notice To assist you in preparing your 2018 Tax returns, we re pleased to provide this distribution notice for your J.P.Morgan Fund investment. If you are unclear about
More informationGrowth Opportunities in Canadian Banking. Caution regarding forward-looking statements
Growth Opportunities in Canadian Banking Jim Westlake Group Head, Canadian Banking National Bank Financial Canadian Financial Services Conference Montreal March 2, 2007 Financial information is in Canadian
More informationMay Global Growth Strategy
May 2012 Global Growth Strategy Jones Lang LaSalle Global Growth Strategy G1 G3 Build our local and regional leasing and capital markets businesses G5 Connections Capture the leading share of global capital
More informationB U I L D I N G L O N G - T E R M P A R T N E R S H I P S. F u n d A d m i n i s t r a t i o n S e r v i c e s i n t h e C h a n n e l I s l a n d s
B U I L D I N G L O N G - T E R M P A R T N E R S H I P S F u n d A d m i n i s t r a t i o n S e r v i c e s i n t h e C h a n n e l I s l a n d s LOCAL KNOWLEDGE, GLOBAL REACH Fund managers with interests
More informationInvestor Presentation
Investor Presentation May 2013 48,000 employees 200 offices 70 countries 1 global platform Table of Contents I. Company Description II. Global Growth Strategy III. Financial Overview IV. Appendix 2 Company
More information- Record Fourth Quarter Operating Earnings of $.97 Per Share Compared With $.77 in the Prior Year Fourth Quarter -
News Release Contact Bev Fleming, Investor Relations or John O'Connell, Public Relations (312) 444-7811 (312) 444-2388 http://www.northerntrust.com FOR IMMEDIATE RELEASE NORTHERN TRUST CORPORATION REPORTS
More informationCOMPREHENSIVE, CUSTOMIZED FINANCIAL SOLUTIONS. Services for Healthcare Institutions
COMPREHENSIVE, CUSTOMIZED FINANCIAL SOLUTIONS Services for Healthcare Institutions CREATIVITY, FLEXIBILITY, EXPERIENCE The complexities of managing a multi-faceted institution never end planning for capital
More informationHUNTINGTON BANCSHARES INCORPORATED
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationNEUBERGER BERMAN Environmental, Social and Governance Policy
NEUBERGER BERMAN Environmental, Social and Governance Policy SEPTEMBER 2017 OUR FIRM Founded in 1939, Neuberger Berman is a private, 100% independent, employee-owned investment manager. From offices in
More informationCUSTOMIZED, COMPREHENSIVE SOLUTIONS CUSTOMIZED, COMPREHENSIVE SOLUTIONS
CUSTOMIZED, COMPREHENSIVE SOLUTIONS CUSTOMIZED, COMPREHENSIVE SOLUTIONS Institutional Brokerage Services Institutional Brokerage Services Northern Trust Securities, Inc. Northern Trust Securities, Inc.
More informationSPECIALIST EXPERTISE MULTI-JURISDICTIONAL COVERAGE. Private Equity Fund Administration Services
SPECIALIST EXPERTISE MULTI-JURISDICTIONAL COVERAGE Private Equity Fund Administration Services SOPHISTICATED FUND ADMINISTRATION FOR A UNIQUE ASSET CLASS Receive specialist knowledge, exceptional expertise
More informationNORTHERN TRUST CORPORATION REPORTS FIRST QUARTER NET INCOME OF $151.0 MILLION, EARNINGS PER COMMON SHARE OF $.61.
News Release Investor Contact: Media Contact: Bev Fleming Doug Holt (312) 444-7811 (312) 557-1571 Beverly_Fleming@ntrs.com Doug_Holt@ntrs.com http://www.northerntrust.com FOR IMMEDIATE RELEASE NORTHERN
More informationINDUSTRY REPORT JUNE 2016 FINANCIAL SERVICES
REPORT INDUSTRY REPORT JUNE 2016 FINANCIAL SERVICES 2015/2016 INDUSTRY REPORT CAP is a leading independent consulting firm specializing in executive and director compensation and related corporate governance
More informationTHE BANK OF NEW YORK COMPANY, INC
For Immediate Release THE BANK OF NEW YORK COMPANY, INC. REPORTS 12% INCREASE IN FIRST QUARTER EARNINGS PER SHARE; POSITIVE OPERATING LEVERAGE AND STRONG GROWTH IN SECURITIES SERVICING REVENUE AND NET
More informationTHE PNC FINANCIAL SERVICES GROUP, INC. FINANCIAL SUPPLEMENT THIRD QUARTER 2012 (Unaudited)
THE PNC FINANCIAL SERVICES GROUP, INC. FINANCIAL SUPPLEMENT THIRD QUARTER 2012 (Unaudited) THE PNC FINANCIAL SERVICES GROUP, INC. FINANCIAL SUPPLEMENT THIRD QUARTER 2012 (UNAUDITED) Consolidated Results:
More informationSanford C. Bernstein Conference
Sanford C. Bernstein Conference May 29, 2008 John Stumpf President and CEO Forward-Looking Statements This presentation may include forward-looking statements about Wells Fargo. Broadly speaking, forward-looking
More informationJ.D. Power and Associates Reports: Customer Loyalty and Brand Image Decline among Retail Banking Customers For a Fourth Consecutive Year
Reports: Customer Loyalty and Brand Image Decline among Retail Banking Customers For a Fourth Consecutive Year Loyalty to Banks Wanes, Particularly among Customers of Larger Institutions WESTLAKE VILLAGE,
More informationState Corporate Income Tax Collections Decline Sharply
Corporate Income Tax Collections Decline Sharply Nicholas W. Jenny and Donald J. Boyd The Rockefeller Institute Fiscal News: Vol. 1, No. 3 July 26, 2001 According to a report from the Congressional Budget
More informationAbility-to-Repay Statutes
Ability-to-Repay Statutes FEDERAL ALABAMA ALASKA ARIZONA ARKANSAS CALIFORNIA STATUTE Truth in Lending, Regulation Z Consumer Credit Secure and Fair Enforcement for Bankers, Brokers, and Loan Originators
More informationJPMORGAN CHASE ACQUIRES THE DEPOSITS, ASSETS AND CERTAIN LIABILITIES OF WASHINGTON MUTUAL S BANKING OPERATIONS
JPMorgan Chase & Co. 270 Park Avenue, New York, NY 10017-2070 NYSE symbol: JPM www.jpmorganchase.com News release: IMMEDIATE RELEASE JPMORGAN CHASE ACQUIRES THE DEPOSITS, ASSETS AND CERTAIN LIABILITIES
More informationImportant 2007 Tax Information
Important 2007 Information For First American s Shareholders In order to assist you with your 2007 income tax preparation, we have compiled this important tax information pertaining to First American s.
More informationBRINKER CAPITAL DESTINATIONS TRUST
Important 2018 Tax Information Regarding Your Mutual s BRINKER CAPITAL DESTINATIONS TRUST The following tax information is furnished for informational purposes only. Please consult your tax advisor for
More informationQuarterly Banking Profile
INSURED INSTITUTION PERFORMANCE Quarterly Net Income Rises to $43 Billion Higher Revenues, Lower Expenses Boost Earnings Loan Growth Remains Steady Only One Bank Fails in the Quarter Improving Earnings
More informationZoe Cruz, Co-President Colm Kelleher, Chief Financial Officer
Merrill Lynch Banking & Financial Services Investor Conference Zoe Cruz, Co-President Colm Kelleher, Chief Financial Officer November 13, 2007 Notice The information provided herein may include certain
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June
More informationProviding Subprime Consumers with Access to Credit: Helpful or Harmful? James R. Barth Auburn University
Providing Subprime Consumers with Access to Credit: Helpful or Harmful? James R. Barth Auburn University FICO Scores: Identifying Subprime Consumers Category FICO Score Range Super-prime 740 and Higher
More informationUK Modern Slavery Act (2015) Statement
UK Modern Slavery Act (2015) Statement INTRODUCTION This statement is made pursuant to section 54(1) of the UK Modern Slavery Act 2015 (the Act) and constitutes the slavery and human trafficking statement
More informationI N F O R M A T I O N F O R I N S I G H T F U L D E C I S I O N M A K I N G. N o r t h e r n T r u s t P a s s p o r t
I N F O R M A T I O N F O R I N S I G H T F U L D E C I S I O N M A K I N G N o r t h e r n T r u s t P a s s p o r t K N O W L E D G E I S P O W E R In a world with far too much data moving ever more
More informationTHE PNC FINANCIAL SERVICES GROUP, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2012 (Unaudited)
THE PNC FINANCIAL SERVICES GROUP, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2012 (Unaudited) THE PNC FINANCIAL SERVICES GROUP, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2012 (UNAUDITED) Consolidated Results:
More informationCredit Suisse Financial Services Forum 2018
Credit Suisse Financial Services Forum 2018 Gunjan Kedia Vice Chairman, Wealth Management & Investment Services Mark Jordahl President, Wealth Management February 13, 2018 U.S. BANCORP Forward-looking
More informationApril 20, and More After That, Center on Budget and Policy Priorities, March 27, First Street NE, Suite 510 Washington, DC 20002
820 First Street NE, Suite 510 Washington, DC 20002 Tel: 202-408-1080 Fax: 202-408-1056 center@cbpp.org www.cbpp.org April 20, 2012 WHAT IF CHAIRMAN RYAN S MEDICAID BLOCK GRANT HAD TAKEN EFFECT IN 2001?
More informationWilliam Blair Growth Stock Conference
June 2012 William Blair Growth Stock Conference..45,500 employees.200 offices.70 countries.1 global platform... Leading Brand Well Positioned for Growth Market Trends Emerging markets to lead global expansion
More information2011 FBR Fall Investor Conference. November 29, 2011
2011 FBR Fall Investor Conference November 29, 2011 Disclaimer This presentation contains forward looking statements within the meaning of the Private Securities Litigation Reform Act giving the Company's
More informationYear-End Tax Tables Applicable to Form 1099-DIV Page 2 Qualified Dividend Income
Year-End Tax Tables This document contains general information to assist you in completing your 2016 tax returns. You should consult your tax advisor to determine the appropriate use of these tables. This
More information2003 $5.85 $ %; EPS
December 18, 2003 KB Home Reports 2003 Revenues of $5.85 Billion and EPS of $8.80 Revenue Growth of 16%; EPS Improves 23% Backlog Increases 31% to $3.07 Billion; Leverage Ratio Lowest in 5 Years LOS ANGELES,
More informationSchroders. KBW European Financials Conference. Massimo Tosato Vice Chairman. 17 September trusted heritage advanced thinking
Schroders KBW European Financials Conference Massimo Tosato Vice Chairman trusted heritage advanced thinking 17 September 2008 Schroders plc Overview Independent Exclusive focus on asset management Global
More informationDFA INVESTMENT DIMENSIONS GROUP INC. DIMENSIONAL INVESTMENT GROUP INC. Institutional Class Shares January 2018
DFA INVESTMENT DIMENSIONS GROUP INC. DIMENSIONAL INVESTMENT GROUP INC. Institutional Class Shares January 2018 Supplementary Tax Information 2017 The following supplementary information may be useful in
More informationMedia Alert. First American CoreLogic Releases Q3 Negative Equity Data
Contact Information Below Media Alert First American CoreLogic Releases Q3 Negative Equity Data First American CoreLogic, the first company to develop a national, state and city-level negative equity report,
More informationU.S. States Lead the World in High Corporate Taxes
U.S. States Lead the World in High Corporate Taxes Fiscal Fact No. 119 by Scott A. Hodge March 18, 2008 America's political leadership is finally waking up to the fact that the tax rates businesses face
More informationInvestor Presentation Q1 2018
Investor Presentation Q1 2018 2 CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This presentation contains forward looking statements regarding, among other things, Desjardins Group s business objectives
More informationKentucky , ,349 55,446 95,337 91,006 2,427 1, ,349, ,306,236 5,176,360 2,867,000 1,462
TABLE B MEMBERSHIP AND BENEFIT OPERATIONS OF STATE-ADMINISTERED EMPLOYEE RETIREMENT SYSTEMS, LAST MONTH OF FISCAL YEAR: MARCH 2003 Beneficiaries receiving periodic benefit payments Periodic benefit payments
More informationPay Frequency and Final Pay Provisions
Pay Frequency and Final Pay Provisions State Pay Frequency Minimum Final Pay Resign Final Pay Terminated Alabama Bi-weekly or semi-monthly No Provision No Provision Alaska Semi-monthly or monthly Next
More informationWELLS FARGO & COMPANY (Exact Name of Registrant as Specified in Its Charter)
8-K 1 wellsfargo8k.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report
More informationFREEDOM TO FOCUS. Global Fund Services Europe
FREEDOM TO FOCUS Global Fund Services Europe You re in business to develop investment strategies, make investment decisions and deliver enhanced performance to your clients. We re in business to help you
More informationTHE GOLDMAN SACHS GROUP, INC. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event
More informationWILMINGTON TRUST ANNOUNCES 2010 FIRST QUARTER RESULTS
News Release Wilmington Trust Corporation Rodney Square North 1100 North Market Street Wilmington, DE 19890-0001 FOR IMMEDIATE RELEASE WILMINGTON TRUST ANNOUNCES 2010 FIRST QUARTER RESULTS Wilmington,
More informationState Individual Income Taxes: Personal Exemptions/Credits, 2011
Individual Income Taxes: Personal Exemptions/s, 2011 Elderly Handicapped Blind Deaf Disabled FEDERAL Exemption $3,700 $7,400 $3,700 $7,400 $0 $3,700 $0 $0 $0 $0 Alabama Exemption $1,500 $3,000 $1,500 $3,000
More informationINNOVATIVE SOLUTIONS FOR A COMPETITIVE EDGE
INNOVATIVE SOLUTIONS FOR A COMPETITIVE EDGE Cross-Border Asset Pooling for Investment Managers Patent Pending INNOVATIVE CROSS-BORDER POOLING SOLUTIONS As an investment manager you require innovative
More informationSal. Oppenheim European Financial Conference
Sal. Oppenheim European Financial Conference Zurich November 20, 2007 Renato Fassbind, Chief Financial Officer Cautionary statement Cautionary statement regarding forward-looking and non-gaap information
More informationNorthern Trust FOCUS on the Changing Paradigm of the Wealth Management Business
Northern Trust FOCUS on the Changing Paradigm of the Wealth Management Business Jana Schreuder President, Personal Financial Services October 3, 2012 2012 Northern Trust Corporation Mission Statement &
More informationGoldman Sachs U.S. Financial Services Conference 2018
Goldman Sachs U.S. Financial Services Conference 2018 Andy Cecere Chairman, President and Chief Executive Officer Terry Dolan Vice Chairman and Chief Financial Officer December 4, 2018 U.S. BANCORP Forward-looking
More informationAt September 30, 2008 $16.5 billion financial holding company headquartered in Minnesota 34 th largest U.S. based bank by asset size
Corporate Profile At September 30, 2008 $16.5 billion financial holding company headquartered in Minnesota 34 th largest U.S. based bank by asset size 445 bank branches, 112 branches opened since January
More informationRoyal Bank of Canada Investor Presentation
Royal Bank of Investor Presentation April 2009 RBC INVESTOR PRESENTATION 1 Caution regarding forward-looking statements From time to time, we make written or oral forward-looking statements within the
More informationUnion Members in New York and New Jersey 2018
For Release: Friday, March 29, 2019 19-528-NEW NEW YORK NEW JERSEY INFORMATION OFFICE: New York City, N.Y. Technical information: (646) 264-3600 BLSinfoNY@bls.gov www.bls.gov/regions/new-york-new-jersey
More informationRoyal Bank of Canada 2013 UBS Best of Americas Conference
Royal Bank of Canada Janice Fukakusa, Chief Administrative Officer and Chief Financial Officer September 13 th, 2013 All amounts are in Canadian dollars and are based on financial statements prepared in
More informationRBC United States Capabilities
RBC United States Capabilities An Ensemble of Solutions to Expand Your Opportunities and Simplify Your Life Gain Efficiencies and Accomplish More with Orchestrated Solutions. Whether you are an individual
More informationOAKTREE CAPITAL MANAGEMENT, L.P. BAML Future of Financial Services Conference
OAKTREE CAPITAL MANAGEMENT, L.P. BAML Future of Financial Services Conference November 2017 Forward-Looking Statements & Safe Harbor This presentation contains forward-looking statements within the meaning
More informationJ.D. Power Reports: Overall Satisfaction among Small Business Banking Customers Drops Despite a Rise in Fees Satisfaction
Reports: Overall Satisfaction among Small Business Banking Customers Drops Despite a Rise in Fees Satisfaction Ranks Highest in Customer Satisfaction in the Midwest, West and South Regions, while TD Bank
More informationState Unemployment Insurance Tax Survey
444 N. Capitol Street NW, Suite 142, Washington, DC 20001 202-434-8020 fax 202-434-8033 www.workforceatm.org State Unemployment Insurance Tax Survey NATIONAL ASSOCIATION OF STATE WORKFORCE AGENCIES April
More informationThe Costs and Benefits of Half a Loaf: The Economic Effects of Recent Regulation of Debit Card Interchange Fees. Robert J. Shapiro
The Costs and Benefits of Half a Loaf: The Economic Effects of Recent Regulation of Debit Card Interchange Fees Robert J. Shapiro October 1, 2013 The Costs and Benefits of Half a Loaf: The Economic Effects
More informationYear-End Tax Tables Applicable to Form 1099-DIV. Mutual Funds: Qualified Dividend Income ETFs: Qualified Dividend Income
Year-End Tax Tables This document contains general information to assist you in completing your 2018 tax returns. You should consult your tax advisor to determine the appropriate use of these tables. This
More informationTaxable/Exempt Interest Income and Private Activity Bond Interest Percentage Page 7
Year-End Tax Tables This document contains general information to assist you in completing your 2017 tax returns. You should consult your tax advisor to determine the appropriate use of these tables. This
More informationAB TAX BULLETIN AB Tax Forms
This booklet is a summary of useful tax information for various AB funds. It is intended to assist you, as an investor, in the preparation of your 2017 Federal and State tax returns. We recommend you consult
More informationBank of America. Growing From Strength. Ken Lewis Chairman & Chief Executive Officer. Citigroup Investor Conference January 29, 2008
Bank of America Growing From Strength Ken Lewis Chairman & Chief Executive Officer Citigroup Investor Conference January 29, 2008 Forward Looking Statements This presentation contains forward-looking statements,
More informationMorningstar Management Behind the Moat Conference
Morningstar Management Behind the Moat Conference Tom Wojcik Head of Investor Relations and Corporate Development September 18, 2014 The opinions expressed are as of September 2014 and are subject to change
More informationOther States Models. House Select Committee on Strategic Transportation Planning and Long Term Funding Solutions.
Other States Models House Select Committee on Strategic Transportation Planning and Long Term Funding Solutions November 14, 2016 Core questions Which sources are used? Reliance on each source? Which sources
More information