Northern Trust (NASDAQ:NTRS) Bolsa

Northern Trust

Northern Trust is a leading provider of wealth management, asset servicing, asset management, and banking to corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, Northern Trust has offices in 20 states and Washington, D.C. as well as 23 locations in Canada, Europe, the Middle East, and Asia-Pacific. As of December 2024, Northern Trust had assets under custody or administration of $16.8 trillion and assets under management of $1.6 trillion.

Northern Trust Corporation - Common Stock

Northern Trust Corp

Northern Trust Corporation - Depositary Shares Each Representing a 1/1,000th Interest in a Share of Series E Non-Cumulative Perpetual Preferred Stock

While the market absorbs a mixed bag of <a href="https://www.benzinga.com/markets/equities/25/07/46435439/dow-tumbles-over-400-points-as-inflation-rises-faster-than-expected-fear-index-moves-to-greed-zone">inflation reports</a> and Fed projections, focus is shifting back to earnings, <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46420414/bank-earnings-performance-q2-citigroup-jpmorgan-blackrock-wells-fargo">beginning with the largest banks</a>. Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) and Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) reported on Wednesday and their figures have the financial sector cheering.
But rather than stock-picking their way through spreadsheets and surprise provisions, <a href="https://www.benzinga.com/etfs">ETF investors</a> can take a more direct approach: positioning through financial sector funds that provide broad exposure to Wall Street&#8217;s largest names.
The earnings season started on a positive note on Tuesday. Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WC#NYSE">WC</a>) topped forecasts with higher-than-expected second-quarter adjusted EPS on July 15, benefiting from higher net interest income and careful cost discipline. Meanwhile, JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) also exceeded expectations, with solid performances from both its consumer and commercial banking segments.
These initial beats gave hope that the remainder of the large bank group— Goldman Sachs, Morgan Stanley, and Bank of America— could do the same, and they did today. 
Bank of America beat earnings estimates and saw revenue growth. Goldman Sachs also came ahead of estimates, as trading operations generated $840 million more revenue than expected. Morgan Stanley, too, beat earnings estimates on increased trading revenues.
This creates a key window now for ETF investors wanting to ride or hedge against banking sector volatility.
<h2 class="wp-block-heading">The ETF Earnings Playbook: Financials In Focus</h2>
Bank stocks can sometimes serve as macroeconomic health indicators. Loan expansion, consumer credit, investment banking work, and trading revenues all speak to a larger economic tale. And when sentiment is soaring (as it is currently, with the CNN Fear &amp; Greed Index in the &#8220;Greed&#8221; range), financials may receive a boost or a beating from even small surprises.
Three ETFs are in the limelight this earnings season:
Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>): The fund, which has an expense ratio of 0.08%, has leadership holdings in JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley.
Why it matters: XLF is the favorite ETF among retail and institutional investors for financials. It&#8217;s diversified across large-cap banks, insurers and asset managers.
The trade: Bullish on big banks beating earnings estimates? XLF provides broad but concentrated exposure.
SPDR S&amp;P Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBE#NYSE">KBE</a>): This fund has an expense ratio of 0.35% and has exposure to large and regional banks. Among the top holdings are Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>), Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), and Northern Trust Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>).
Why it matters: KBE equal-weights its positions, so it&#8217;s not controlled by the megabanks. That makes it a good bet if you believe the regional banking sector will surprise to the upside, or just remain stable after a rough year.
The trade: Use KBE to get a better handle on the banking sector, particularly if you anticipate positive news beyond the household names.
SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>): Top holdings: Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and, yes, the banks.
Why it matters: SPY is not a financials ETF, but banking earnings tend to lead the overall market in terms of setting the tone. Positive bank earnings can boost investor sentiment across the board.
The trade: For those who think banks will lead the momentum and enhance risk appetite, SPY is a means to participate in that without committing to a single sector.
Although the hot <a href="https://www.benzinga.com/markets/economic-data/25/07/46413961/june-inflation-cpi-report">headline inflation print </a>was at 2.7% YoY, core inflation surprisingly came in lower. That could be a green light for the banks, particularly if interest rate expectations are maintained and the loan books are healthy.
Despite this, not everything is rosy. The Dow fell by over 400 points on Tuesday and healthcare and materials pulled the S&amp;P 500 down. But Nasdaq jumped to new highs following Nvidia&#8217;s AI-powered chip romp, illustrating just how divided the market is.
<h2 class="wp-block-heading">Know Your Risk, Pick Your Basket</h2>
Earnings season is never predictable, but with ETFs, you don&#8217;t have to choose winners and losers stock by stock. Let the sector and investor sentiment do the heavy lifting.
So, whether you&#8217;re placing your bets on big beats or hedging against a letdown, ETFs such as XLF, KBE and SPY provide diversified, accessible ways to make your perspective a reality.
Because nothing speaks greed like doubling down on bank earnings, through ETFs.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/07/46423852/nvidias-china-chip-deal-signals-new-tailwind-for-chip-and-ai-etfs">Nvidia&#8217;s China Chip Deal Signals New Tailwind For Chip And AI ETFs</a></li>
</ul>
Photo: Shutterstock

Sector ETFs

ETFs

AAPL

MSFT

NTRS

NVDA

TBBK

ETF Playbook For Bank Earnings: Big Bets On Goldman, Morgan Stanley, BofA

Northern Trust's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NYSE">NTRS</a>) short percent of float has fallen 15.46% since its last report. The company recently reported that it has 5.57 million shares sold short, which is 3.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.4 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Northern Trust Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752264033_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Northern Trust has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Northern Trust's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Northern Trust's peer group average for short interest as a percentage of float is 3.71%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Is the Market Bullish or Bearish on Northern Trust?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Canaccord Genuity analyst Susan Anderson downgraded Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) from Buy to Hold and lowered the price target from $47 to $26. Helen Of Troy shares closed at $23.96 on Thursday. <a href="https://www.benzinga.com/quote/HELE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Laurence Alexander downgraded Nutrien Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTR#NYSE">NTR</a>) from Buy to Hold and raised the price target from $63 to $66. Nutrien shares closed at $60.80 on Thursday. <a href="https://www.benzinga.com/quote/NTR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Scotiabank analyst Paul Cheng downgraded the rating for Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) from Sector Outperform to Sector Perform and announced a $133 price target. Phillips 66 shares closed at $134.39 on Thursday. <a href="https://www.benzinga.com/quote/PSX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna analyst Joseph Stauff downgraded Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) from Positive to Neutral and raised the price target from $76 to $86. Boyd Gaming shares closed at $85.37 on Thursday. <a href="https://www.benzinga.com/quote/BYD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods analyst David Konrad downgraded Northern Trust Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) from Market Perform to Underperform and raised the price target from $103 to $120. Northern Trust shares closed at $126.62 on Thursday. <a href="https://www.benzinga.com/quote/NTRS/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying PSX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/PSX/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="597" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11120729/image-138-1024x597.png" alt="" class="wp-image-982152" style="width:623px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11120729/image-138-1024x597.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11120729/image-138-300x175.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11120729/image-138-768x448.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11120729/image-138.png 1115w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next:<a href="https://www.benzinga.com/trading-ideas/short-ideas/25/07/46364472/top-3-real-estate-stocks-that-may-fall-off-a-cliff-this-month"> </a>
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/07/46364472/top-3-real-estate-stocks-that-may-fall-off-a-cliff-this-month">Top 3 Real Estate Stocks That May Fall Off A Cliff This Month</a> </li>
</ul>
Photo via Shutterstock

News

Downgrades

Markets

Analyst Ratings

HELE

This Phillips 66 Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Keefe, Bruyette &amp; Woods analyst David Konrad downgrades Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) from Market Perform to Underperform and raises the price target from $103 to $120.

Price Target

Keefe, Bruyette & Woods Downgrades Northern Trust to Underperform, Raises Price Target to $120

Wall Street's biggest banks have rallied hard in 2025, outpacing the S&amp;P 500 with an average 18% year-to-date gain, but as second-quarter earnings roll in starting July 15, analysts warn the easy gain may <a href="https://www.benzinga.com/markets">already be priced in.</a>
In a note shared Wednesday, Bank of America analyst Ebrahim H. Poonawala said this earnings season may represent a &#8220;breather&#8221; for the group.
While structural tailwinds remain strong, especially for names like Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) and Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), the absence of fresh catalysts in the second half could slow the pace of gains unless earnings surprises deliver.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Bank</th>
<th>YTD return as of July 9, 2025</th>
</tr>
</thead>
<tbody>
<tr>
<td>The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) </td>
<td>22.94%</td>
</tr>
<tr>
<td>Citigroup Inc.</td>
<td>22.4%</td>
</tr>
<tr>
<td>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>)</td>
<td>13.84</td>
</tr>
<tr>
<td>Wells Fargo &amp; Company</td>
<td>17.44</td>
</tr>
<tr>
<td>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>19.86</td>
</tr>
<tr>
<td>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>7.83</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">JPMorgan Sets The Bar—But It's Already High</h3>
According to Poonawala, JPMorgan is expected to post earnings per share of $4.48 for the second quarter, slightly above consensus.
 Net interest income is expected at $11.96 billion, up 3.4% quarter over quarter, with FY25 guidance revised higher to $95.2 billion. 
CFO Jeremy Barnum said 2025 net interest income might "end up a little better, maybe by $1 billion," reflecting fewer expected Fed cuts. But with JPMorgan stock already up sharply by 19% year to date, the market is wondering if the near-term upside is limited.
<h3 class="wp-block-heading">Citi And Wells Fargo: Underdogs With Upside?</h3>
Citigroup could be one of the most interesting stories this quarter. While its second-quarter EPS estimate was trimmed to $1.62 by Bank of America, focus will be on whether its multi-year restructuring plan is finally bearing fruit.
Citigroup's trading revenues, adjusted for a $400 million gain from the sale of Visa shares, are expected to grow more than 17% year over year. The bank reaffirmed full-year revenue guidance of $83.1 billion to $84.1 billion.
Wells Fargo &amp; Co. is entering its first full quarter without the Fed-imposed asset cap. Second-quarter EPS is estimated at $1.42, with full-year net interest income projected at $48.5 billion, representing 1.1% year-over-year growth.
<h3 class="wp-block-heading">Capital Markets Slowdown A Drag On Morgan Stanley, Goldman Sachs?</h3>
Morgan Stanley and Goldman Sachs face tougher comps. Morgan Stanley's second-quarter EPS was cut to $1.96 due to higher provisions and lower net interest income. Still, the bank is seen as stable, supported by strong equity trading and its high-performing wealth management arm, which contributes around 40% of earnings.
Goldman Sachs, on the other hand, is forecast to post an EPS of $9.74, slightly above the consensus.
Strength in trading (+7% YoY) and improving M&amp;A activity are offsetting weaker asset management results. The bank has a $40 billion buyback program and increased dividends to $4.00 per share, reflecting confidence in future performance.
<h3 class="wp-block-heading">BNY Mellon and Northern Trust: M&amp;A Buzz Builds</h3>
M&amp;A chatter is swirling around The Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) and Northern Trust Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>). BNY's Q2 EPS was raised to $1.80, as deposit strength lifts full-year NII growth to 6.8% year over year. 
Northern Trust is expected to deliver $2.08 in second-quarter EPS, driven by a strong wealth management business (accounting for 50% of profits) and deposit inflows.
Read Next:
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<li><a href="https://www.benzinga.com/markets/emerging-markets/25/07/46306953/emerging-markets-etfs-inflows-iemg-vwo-2025">Wall Street Is On Fire—So Why Is This Wall Of Cash Moving Abroad? </a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Analyst Color

Earnings

Equities

Large Cap

Big Bank Stocks Soared In 2025—But This Earnings Season Could Shake Things Up

Truist Securities analyst David Smith maintains Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) with a Hold and raises the price target from $116 to $126.

Truist Securities Maintains Hold on Northern Trust, Raises Price Target to $126

Goldman Sachs analyst Alexander Blostein maintains Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) with a Sell and raises the price target from $89 to $101.

Goldman Sachs Maintains Sell on Northern Trust, Raises Price Target to $101

Evercore ISI Group analyst Glenn Schorr maintains Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) with a In-Line and raises the price target from $108 to $121.

Evercore ISI Group Maintains In-Line on Northern Trust, Raises Price Target to $121

Dividends

Reported Earlier, Northern Trust Intends To Increase Quarterly Dividend BY 7%; 2025 CCAR Confirms Strong Capital

Analysts' ratings for Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">3</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $101.25, a high estimate of $111.00, and a low estimate of $92.00. This current average has decreased by 8.69% from the previous average price target of $110.88. 
<img src="https://www.benzinga.com/files/images/story/2025/1751402641_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The perception of Northern Trust by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$106.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$103.00</td>
<td>$101.00</td>
</tr>
<tr>
<td>Gerard Cassidy</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$105.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>David Smith</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$92.00</td>
<td>$98.00</td>
</tr>
<tr>
<td>Mike Mayo</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$111.00</td>
<td>$118.00</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$100.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$95.00</td>
<td>$132.00</td>
</tr>
<tr>
<td>David Smith</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$98.00</td>
<td>$116.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Northern Trust. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Northern Trust compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Northern Trust's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Northern Trust's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/NTRS/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Northern Trust analyst ratings.</a>
<h2>Delving into Northern Trust's Background</h2>
Northern Trust is a leading provider of wealth management, asset servicing, asset management, and banking to corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, Northern Trust has offices in 20 states and Washington, D.C. as well as 23 locations in Canada, Europe, the Middle East, and Asia-Pacific. As of December 2024, Northern Trust had assets under custody or administration of $16.8 trillion and assets under management of $1.6 trillion.
<h3>Financial Milestones: Northern Trust's Journey</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Northern Trust displayed positive results in 3M. As of 31 March, 2025, the company achieved a solid revenue growth rate of approximately 17.8%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: Northern Trust's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 19.19%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.12%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.23%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Northern Trust's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.12.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 8 Analyst Projections For Northern Trust

Morgan Stanley analyst Betsy Graseck maintains Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) with a Underweight and raises the price target from $103 to $106.

Morgan Stanley Maintains Underweight on Northern Trust, Raises Price Target to $106

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>IVZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$18.00</td>
<td>$251.0K</td>
<td>259</td>
<td>10.0K</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/27/25</td>
<td>$352.50</td>
<td>$38.2K</td>
<td>479</td>
<td>8.4K</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$700.00</td>
<td>$36.3K</td>
<td>1.8K</td>
<td>3.7K</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$84.00</td>
<td>$37.2K</td>
<td>3.0K</td>
<td>3.4K</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$287.50</td>
<td>$26.8K</td>
<td>1.2K</td>
<td>802</td>
</tr>
<tr>
<td>NTRS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$125.00</td>
<td>$27.5K</td>
<td>1.0K</td>
<td>634</td>
</tr>
<tr>
<td>FIS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$82.00</td>
<td>$47.0K</td>
<td>8</td>
<td>501</td>
</tr>
<tr>
<td>XYZ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$55.00</td>
<td>$35.8K</td>
<td>1.2K</td>
<td>176</td>
</tr>
<tr>
<td>GL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$125.00</td>
<td>$124.8K</td>
<td>145</td>
<td>120</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/27/25</td>
<td>$75.00</td>
<td>$64.6K</td>
<td>677</td>
<td>107</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding IVZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>), we observe a call option sweep with bullish sentiment. It expires in 112 day(s) on October 17, 2025. Parties traded 10000 contract(s) at a $18.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $251.0K, with a price of $27.0 per contract. There were 259 open contracts at this strike prior to today, and today 10000 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option sweep that happens to be neutral, is expiring today. Parties traded 299 contract(s) at a $352.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $38.2K, with a price of $127.0 per contract. There were 479 open contracts at this strike prior to today, and today 8437 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a call option sweep that happens to be bullish, expiring in 6 day(s) on July 3, 2025. This event was a transfer of 55 contract(s) at a $700.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $36.3K, with a price of $660.0 per contract. There were 1819 open contracts at this strike prior to today, and today 3764 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option sweep that happens to be bullish, expiring in 6 day(s) on July 3, 2025. This event was a transfer of 150 contract(s) at a $84.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $37.2K, with a price of $248.0 per contract. There were 3055 open contracts at this strike prior to today, and today 3450 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a call option sweep with bearish sentiment. It expires in 6 day(s) on July 3, 2025. Parties traded 100 contract(s) at a $287.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.8K, with a price of $268.0 per contract. There were 1252 open contracts at this strike prior to today, and today 802 contract(s) were bought and sold. 
• Regarding NTRS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>), we observe a call option trade with bearish sentiment. It expires in 21 day(s) on July 18, 2025. Parties traded 89 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $310.0 per contract. There were 1075 open contracts at this strike prior to today, and today 634 contract(s) were bought and sold. 
• For FIS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>), we notice a call option trade that happens to be bearish, expiring in 21 day(s) on July 18, 2025. This event was a transfer of 500 contract(s) at a $82.00 strike. The total cost received by the writing party (or parties) was $47.0K, with a price of $94.0 per contract. There were 8 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold. 
• For XYZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), we notice a put option sweep that happens to be bullish, expiring in 112 day(s) on October 17, 2025. This event was a transfer of 169 contract(s) at a $55.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $212.0 per contract. There were 1285 open contracts at this strike prior to today, and today 176 contract(s) were bought and sold. 
• For GL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>), we notice a call option trade that happens to be bearish, expiring in 203 day(s) on January 16, 2026. This event was a transfer of 120 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $124.8K, with a price of $1040.0 per contract. There were 145 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option sweep that happens to be neutral, is expiring today. Parties traded 68 contract(s) at a $75.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $64.6K, with a price of $952.0 per contract. There were 677 open contracts at this strike prior to today, and today 107 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

HOOD

10 Financials Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/27/25</td>
<td>$350.00</td>
<td>$25.5K</td>
<td>3.9K</td>
<td>28.0K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$82.00</td>
<td>$50.9K</td>
<td>86</td>
<td>6.2K</td>
</tr>
<tr>
<td>NTRS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$110.00</td>
<td>$256.3K</td>
<td>10.7K</td>
<td>1.0K</td>
</tr>
<tr>
<td>V</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/01/25</td>
<td>$340.00</td>
<td>$64.3K</td>
<td>48</td>
<td>304</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on June 27, 2025. Parties traded 32 contract(s) at a $350.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $795.0 per contract. There were 3906 open contracts at this strike prior to today, and today 28073 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bullish sentiment. It expires in 24 day(s) on July 18, 2025. Parties traded 252 contract(s) at a $82.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $50.9K, with a price of $202.0 per contract. There were 86 open contracts at this strike prior to today, and today 6220 contract(s) were bought and sold. 
• For NTRS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>), we notice a call option sweep that happens to be bullish, expiring in 24 day(s) on July 18, 2025. This event was a transfer of 267 contract(s) at a $110.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $256.3K, with a price of $960.0 per contract. There were 10724 open contracts at this strike prior to today, and today 1038 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a put option trade that happens to be bullish, expiring in 38 day(s) on August 1, 2025. This event was a transfer of 99 contract(s) at a $340.00 strike. The total cost received by the writing party (or parties) was $64.3K, with a price of $650.0 per contract. There were 48 open contracts at this strike prior to today, and today 304 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

4 Financials Stocks With Whale Alerts In Today's Session

<a href="https://www.bloomberg.com/news/articles/2025-06-23/northern-trust-commits-to-staying-independent-after-bny-report?srnd=homepage-americas" title="https://www.bloomberg.com/news/articles/2025-06-23/northern-trust-commits-to-staying-independent-after-bny-report?srnd=homepage-americas">https://www.bloomberg.com/news/articles/2025-06-23/northern-trust-commits-to-staying-independent-after-bny-report?srnd=homepage-americas</a>

'Northern Trust Commits To Staying Independent After BNY Report' - Bloomberg

U.S. stocks were higher, with the Dow Jones index gaining around 50 points on Monday.
Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose sharply during Monday's session amid the Robotaxi <a href="https://www.benzinga.com/markets/tech/25/06/46051889/teslas-4-20-robotaxi-disruption-waymo-should-be-worried">launch in Austin, TX</a>.
Tesla has officially rolled out its much-awaited Robotaxi in Austin, Texas, with a limited number of Model Y Robotaxis in the South Congress neighborhood.
&#8220;Our approach to autonomy also enables scalability: Tesla self-driving can be deployed anywhere it's approved,&#8221; the company said in a post on social media platform X on Sunday after the Robotaxi launch.
Tesla shares jumped 9.3% to $352.11 on Monday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul class="wp-block-list">
<li>SpartanNash Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) shares jumped 49.5% to $26.36 after the company announced it will be acquired by C&amp;S Wholesale Grocers.</li>
<li>Standard BioTools Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAB#NASDAQ">LAB</a>) gained 36.3% to $1.43 after the company announced a strategic sale of SomaLogic to Illumina.</li>
<li>CorMedix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMD#NASDAQ">CRMD</a>) rose 25.6% to $17.10 after the company raised its second-quarter net sales guidance.</li>
<li>Zeta Global Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NASDAQ">ZETA</a>) gained 20.2% to $17.05.</li>
<li>AIRO Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRO#NASDAQ">AIRO</a>) rose 19% to $26.47.</li>
<li>Epsium Enterprise Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EPSM#NASDAQ">EPSM</a>) gained 16.5% to $26.62.</li>
<li>Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) rose 14.8% to $275.90 after the company announced a partnership with Fiserv to use its stablecoin platform with Fiserv&#8217;s digital banking and payment capabilities.</li>
<li>Sana Biotechnology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANA#NASDAQ">SANA</a>) gained 13% to $2.9479 after announcing positive six-month clinical results from Type 1 diabetes study of Islet Cell Transplantation without Immunosuppression.</li>
<li>Ouster, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NASDAQ">OUST</a>) rose 11.8% to $24.11.</li>
<li>Exelixis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>) gained 10% to $44.39 after the company topline results from the STELLAR-303 phase 3 pivotal trial. Also, JMP Securities raised its price target on the stock from $47 to $50.</li>
<li>Scholastic Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) rose 9.4% to $20.92 as the company issued update on strategic and operational initiatives.</li>
<li>Northern Trust Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) gained 8.5% to $121.44 following a report suggesting the Bank of New York Mellon approached the company to discuss a potential merger.</li>
<li>IAMGOLD Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) gained 8% to $7.83 as the company said Côté Gold Mine reached major milestone as processing plant operated at nameplate capacity of 36,000 tpd on average over thirty consecutive days.</li>
<li>Manchester United plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>) climbed 5.8% to $18.38.</li>
<li>FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) rose 4.7% to $442.01 following upbeat quarterly sales.</li>
</ul>
Now Read This:
<ul class="wp-block-list">
<li> <a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/46023851/top-2-tech-stocks-that-could-sink-your-portfolio-in-june">Top 2 Tech Stocks That Could Sink Your Portfolio In June</a> </li>
</ul>
Photo via Shutterstock

Intraday Update

Movers

AIRO

CRCL

CRMD

EPSM

EXEL

MANU

OUST

SANA

SCHL

SPTN

TSLA

ZETA

Tesla, SpartanNash, Standard BioTools And Other Big Stocks Moving Higher On Monday

WIIM

Northern Trust shares are trading higher following a report suggesting the Bank of New York Mellon approached the company to discuss a potential merger.

<a href="https://www.wsj.com/finance/banking/bank-of-new-york-mellon-approached-northern-trust-to-discuss-potential-merger-7017f4eb">https://www.wsj.com/finance/banking/bank-of-new-york-mellon-approached-northern-trust-to-discuss-potential-merger-7017f4eb</a>&nbsp;

The Wall Street Journal Reported Sunday, Bank of New York Mellon Recently Approached Northern Trust to Discuss Potential Takeover

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$300.00</td>
<td>$65.5K</td>
<td>16.3K</td>
<td>63.5K</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$80.00</td>
<td>$96.5K</td>
<td>25.6K</td>
<td>8.9K</td>
</tr>
<tr>
<td>V</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$340.00</td>
<td>$49.9K</td>
<td>5.0K</td>
<td>6.0K</td>
</tr>
<tr>
<td>NTRS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$110.00</td>
<td>$28.0K</td>
<td>16.8K</td>
<td>5.0K</td>
</tr>
<tr>
<td>DFDV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$2.50</td>
<td>$713.3K</td>
<td>1</td>
<td>1.6K</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/27/25</td>
<td>$57.00</td>
<td>$58.5K</td>
<td>255</td>
<td>1.2K</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$325.00</td>
<td>$55.3K</td>
<td>721</td>
<td>564</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$150.00</td>
<td>$48.9K</td>
<td>803</td>
<td>279</td>
</tr>
<tr>
<td>MA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$590.00</td>
<td>$62.8K</td>
<td>559</td>
<td>274</td>
</tr>
<tr>
<td>TIPT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$25.00</td>
<td>$30.0K</td>
<td>2.3K</td>
<td>266</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on June 20, 2025. Parties traded 115 contract(s) at a $300.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $65.5K, with a price of $570.0 per contract. There were 16378 open contracts at this strike prior to today, and today 63547 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a call option trade with bullish sentiment. It expires in 29 day(s) on July 18, 2025. Parties traded 193 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $96.5K, with a price of $500.0 per contract. There were 25659 open contracts at this strike prior to today, and today 8951 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on June 20, 2025. This event was a transfer of 105 contract(s) at a $340.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $49.9K, with a price of $480.0 per contract. There were 5011 open contracts at this strike prior to today, and today 6080 contract(s) were bought and sold. 
• Regarding NTRS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>), we observe a call option trade with bearish sentiment. It expires in 29 day(s) on July 18, 2025. Parties traded 50 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $560.0 per contract. There were 16851 open contracts at this strike prior to today, and today 5024 contract(s) were bought and sold. 
• Regarding DFDV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFDV#NASDAQ">DFDV</a>), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on June 20, 2025. Parties traded 241 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $713.3K, with a price of $2960.0 per contract. There were 1 open contracts at this strike prior to today, and today 1610 contract(s) were bought and sold. 
• For UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we notice a call option trade that happens to be bullish, expiring in 8 day(s) on June 27, 2025. This event was a transfer of 150 contract(s) at a $57.00 strike. The total cost received by the writing party (or parties) was $58.5K, with a price of $390.0 per contract. There were 255 open contracts at this strike prior to today, and today 1217 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a call option sweep with bearish sentiment. It expires in 92 day(s) on September 19, 2025. Parties traded 499 contract(s) at a $325.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $55.3K, with a price of $111.0 per contract. There were 721 open contracts at this strike prior to today, and today 564 contract(s) were bought and sold. 
• Regarding FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we observe a call option trade with bullish sentiment. It expires in 57 day(s) on August 15, 2025. Parties traded 160 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $48.9K, with a price of $306.0 per contract. There were 803 open contracts at this strike prior to today, and today 279 contract(s) were bought and sold. 
• For MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we notice a put option trade that happens to be bearish, expiring in 57 day(s) on August 15, 2025. This event was a transfer of 11 contract(s) at a $590.00 strike. The total cost received by the writing party (or parties) was $62.8K, with a price of $5710.0 per contract. There were 559 open contracts at this strike prior to today, and today 274 contract(s) were bought and sold. 
• For TIPT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIPT#NASDAQ">TIPT</a>), we notice a call option trade that happens to be neutral, expiring in 92 day(s) on September 19, 2025. This event was a transfer of 250 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $120.0 per contract. There were 2377 open contracts at this strike prior to today, and today 266 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DFDV

FUTU

TIPT

UPST

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$300.00</td>
<td>$56.1K</td>
<td>16.3K</td>
<td>38.1K</td>
</tr>
<tr>
<td>OSCR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$20.00</td>
<td>$65.0K</td>
<td>8.1K</td>
<td>7.7K</td>
</tr>
<tr>
<td>NTRS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$110.00</td>
<td>$32.8K</td>
<td>16.8K</td>
<td>3.5K</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$360.00</td>
<td>$103.5K</td>
<td>1.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>GPN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$75.00</td>
<td>$34.0K</td>
<td>4.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$275.00</td>
<td>$25.7K</td>
<td>1.3K</td>
<td>800</td>
</tr>
<tr>
<td>MS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/27/25</td>
<td>$128.00</td>
<td>$35.6K</td>
<td>84</td>
<td>516</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/18/26</td>
<td>$55.00</td>
<td>$60.9K</td>
<td>1.4K</td>
<td>300</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$72.50</td>
<td>$34.4K</td>
<td>2.8K</td>
<td>103</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$620.00</td>
<td>$27.7K</td>
<td>1.1K</td>
<td>76</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be neutral, expiring in 2 day(s) on June 20, 2025. This event was a transfer of 200 contract(s) at a $300.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $56.1K, with a price of $284.0 per contract. There were 16378 open contracts at this strike prior to today, and today 38166 contract(s) were bought and sold. 
• For OSCR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>), we notice a call option sweep that happens to be bearish, expiring in 30 day(s) on July 18, 2025. This event was a transfer of 500 contract(s) at a $20.00 strike. This particular call needed to be split into 55 different trades to become filled. The total cost received by the writing party (or parties) was $65.0K, with a price of $130.0 per contract. There were 8102 open contracts at this strike prior to today, and today 7712 contract(s) were bought and sold. 
• For NTRS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>), we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on July 18, 2025. This event was a transfer of 53 contract(s) at a $110.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $32.8K, with a price of $620.0 per contract. There were 16851 open contracts at this strike prior to today, and today 3587 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a call option sweep that happens to be bearish, expiring in 30 day(s) on July 18, 2025. This event was a transfer of 300 contract(s) at a $360.00 strike. This particular call needed to be split into 58 different trades to become filled. The total cost received by the writing party (or parties) was $103.5K, with a price of $345.0 per contract. There were 1029 open contracts at this strike prior to today, and today 1281 contract(s) were bought and sold. 
• Regarding GPN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>), we observe a put option sweep with bullish sentiment. It expires in 93 day(s) on September 19, 2025. Parties traded 71 contract(s) at a $75.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $480.0 per contract. There were 4385 open contracts at this strike prior to today, and today 1067 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option trade that happens to be bearish, expiring in 15 day(s) on July 3, 2025. This event was a transfer of 50 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $515.0 per contract. There were 1364 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold. 
• Regarding MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we observe a put option trade with bullish sentiment. It expires in 9 day(s) on June 27, 2025. Parties traded 430 contract(s) at a $128.00 strike. The total cost received by the writing party (or parties) was $35.6K, with a price of $83.0 per contract. There were 84 open contracts at this strike prior to today, and today 516 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a call option sweep with bearish sentiment. It expires in 457 day(s) on September 18, 2026. Parties traded 300 contract(s) at a $55.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $60.9K, with a price of $203.0 per contract. There were 1474 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option trade that happens to be bullish, expiring in 93 day(s) on September 19, 2025. This event was a transfer of 61 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $34.4K, with a price of $565.0 per contract. There were 2819 open contracts at this strike prior to today, and today 103 contract(s) were bought and sold. 
• Regarding GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we observe a call option trade with bullish sentiment. It expires in 2 day(s) on June 20, 2025. Parties traded 15 contract(s) at a $620.00 strike. The total cost received by the writing party (or parties) was $27.7K, with a price of $1850.0 per contract. There were 1137 open contracts at this strike prior to today, and today 76 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

OSCR

Northern Trust's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NYSE">NTRS</a>) short percent of float has risen 5.22% since its last report. The company recently reported that it has 6.51 million shares sold short, which is 3.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.74 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Northern Trust Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750165221_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Northern Trust has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Northern Trust's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Northern Trust's peer group average for short interest as a percentage of float is 3.68%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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