Northern Trust Corporation has been given a neutral rating by UBS due to its focus on investment fund management for both professional and private investors.

The company generates its revenue primarily from two main activities: investment services, which make up 56.2% of total revenue, and asset management, which contributes 43.8%.

As of the end of 2023, Northern Trust reported assets under management of USD 1,032 billion, with USD 402.5 billion specifically in asset management.

It is worth noting that the United States accounts for a significant portion of the company's revenue, representing 61.1%. This highlights Northern Trust's significant role in the financial services sector, particularly in managing investment portfolios and providing related services.