NasdaqGS:NTRSCapital Markets
Northern Trust (NTRS) Secures NMERB Asset Servicing Deal for US$18 Billion Fund
Northern Trust (NTRS) experienced a significant development this quarter as it was selected by the State of New Mexico Educational Retirement Board to manage an $18.5 billion fund, providing crucial asset servicing solutions. The company's stock rose by 24%, aligning with the broader market's upward trajectory. The rise is bolstered by new client engagements, an increased share repurchase program, and dividend announcements, all of which likely reinforced investor confidence. Simultaneously,...