Trust, investment, and other servicing fees increased $84.7 million, or 8%, from $1.11 billion in the prior-year quarter to $1.20 billion in the current quarter, primarily due to favorable markets.

Wealth Management fee income is calculated primarily based on market values and is impacted by both one-month and one-quarter lagged asset values. Fee income in the regions increased from the prior-year quarter, primarily due to favorable markets.

Noninterest expense increased $81.2 million, or 6%, primarily due to higher compensation expense, higher software amortization and support expense, and higher outside services expense.

The Basel III Endgame Proposal, if implemented, would likely increase Northern Trust's risk-weighted assets by 5% to 15% compared to standardized approach RWAs, potentially impacting capital ratios.

The filing mentions geopolitical risks, risks related to global climate change, and the risks of extraordinary events such as pandemics, natural disasters, terrorist events and war as factors that could impact financial performance.

The Corporation is a leading provider of wealth management, asset servicing, asset management and banking solutions to corporations, institutions, families and individuals.

Northern Trust's success in controlling the costs and expenses of its business operations and the impacts of any broader inflationary environment thereon.

Northern Trust's success in responding to and investing in changes and advancements in technology.

The Corporation repurchased 3,463,546 shares of common stock at a total cost of $301.4 million during the quarter.

The capital ratios of Northern Trust Corporation and its principal subsidiary, The Northern Trust Company, remained strong at September 30, 2024, exceeding the requirements for classification as “well-capitalized.

Northern Trust's ability to maintain sustainable business practices, and breakdowns in processes or internal controls.

Financial market disruptions or economic recession in the U.S. or other countries across the globe resulting from any of a number of factors.