2024-07-17 13:48:06 ET
Northern Trust Corporation (NTRS)
Q2 2024 Results Conference Call
July 17, 2024 09:30 AM ET
Company Participants
Jennifer Childe - Director of IR
Mike O'Grady - Chairman and CEO
Jason Tyler - CFO
John Landers - Controller
Grace Higgins - Investor Relations
Conference Call Participants
Betsy Graseck - Morgan Stanley
Mokshith Reddy - Jefferies
Brennan Hawken - UBS
Mike Mayo - Wells Fargo
Brian Bedell - Deutsche Bank
Alex Blostein - Goldman Sachs
Vivek Juneja - JP Morgan
Ebrahim Poonawala - Bank of America
Brennan Hawken - UBS
Presentation
Operator
Good day, and welcome to the Northern Trust Corporation's Second Quarter 2024 Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Jennifer Childe, Director of Investor Relations. Please go ahead, ma'am.
Jennifer Childe
Thank you, operator, and good morning, everyone.
Welcome to Northern Trust Corporation's second quarter 2024 earnings conference call. Joining me on our call this morning is Mike O'Grady, our Chairman and CEO; Jason Tyler, our Chief Financial Officer; John Landers, our Controller; and Grace Higgins from our Investor Relations team.
Our second quarter earnings press release and financial trends report are both available on our website at northerntrust.com. Also on our website, you will find our quarterly earnings review presentation, which we will use to guide today's conference call. This July 17th call is being webcast live on northerntrust.com.
The only authorized rebroadcast of this call is the replay that will be made available on our website through August 17. Northern Trust disclaims any continuing accuracy of the information provided in this call after today. Please refer to our safe harbor statement regarding forward-looking statements on Page 12 of the accompanying presentation, which will apply to our commentary on this call.
During today's question-and-answer session, please limit your initial query to one question and one related follow-up. This will allow us to move through the queue, and enable as many people as possible the opportunity to ask questions as time permits.
Thank you, again for joining us today. Let me turn the call over to Mike O'Grady.
Mike O'Grady
Thank you, Jennifer.
Let me join in welcoming you to our second quarter 2024 earnings call. Our results for the quarter reflect continued progress executing against our strategic priorities, boosted by strong underlying equity markets and favorable client activity levels.
Trust fees were up a solid 6% over the prior year. Deposit levels proved resilient and our capital levels reached a multi-year high....
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Northern Trust Corporation (NTRS) Q2 2024 Earnings Call Transcript