Northern Trust to stay independent despite merger talks with BNY Mellon.

From Yahoo Finance: 2025-06-24 06:54:00

Northern Trust has decided to remain independent despite talks of a potential merger with BNY Mellon. The Chicago-based firm, valued at over $21bn, aims to continue delivering value to stakeholders. BNY, with a market capitalization exceeding $65bn, is considering its next steps after discussions with Northern Trust. A merger between the two could create a financial powerhouse managing more than $3tn in investments. Northern Trust reported a significant increase in net income in Q1 2025, reaching $392m, with total revenue up 18% to $1.94bn. Assets under custody/administration and management also saw growth.



Read more at Yahoo Finance: Northern Trust plans to stay independent amid merger talks with BNY Mellon