The shares gained for a second straight day on Wednesday as the S&P 500 climbed 1.46% to 7,365.12 and the Dow rose 1.24% to 49,910.59.
Northern Trust ended 5.72% below its 52-week high of $173.19 reached on 21 April and lagged rivals including Morgan Stanley, BlackRock and Goldman Sachs.
Trading volume was 945,747 shares, about 188,836 below its 50-day average of 1.1 million, suggesting the advance came on lighter-than-usual activity.
Despite strong earnings, why is Northern Trust's stock lagging, and is it prepared for the industry's AI-driven future?
With conflicting analyst signals, is Northern Trust a safe, undervalued stock or a value trap in a rapidly changing market?
As AI reshapes finance, can a 19th-century bank like Northern Trust win over the next generation of investors?