Despite reports that BNY and Goldman had approached Northern Trust, CEO Mike O’Grady told analysts that independence will ...

"During my tenure as CEO, we have never entertained discussions regarding the sale of the company with any financial ...

CEO that a potential purchase of Northern Trust (NASDAQ:NTRS) would violate antitrust laws and threaten financial stability. ...

Senator Elizabeth Warren has warned BNY that its reported interest in a merger with Northern Trust could violate federal banking laws, saying any potential deal between the two large custody banks ...

Senator Elizabeth Warren warns BNY that a potential merger with Northern Trust may violate federal banking laws and trigger antitrust concerns.

Shares in Northern Trust have risen about 9% so far this year, pushing the Chicago-based firm to a market value above $21 billion. BNY has a market cap of more than $65 billion.

The stock closed up about 8% to $120.81 per share, giving Northern Trust a market cap of $23.5 billion. BNY closed down about 2% to $89.63 per share, with a market cap of just over $64 billion.

Shares of Northern Trust were up $7.93 at $119.78 after peaking at $123.31, their highest in about 3 1/2 years, in early trading today.

Shares in Northern Trust rose more than 10% in New York on Monday morning and were up 6.5% at 12:44 p.m. A tie-up would bring together two of the largest custodian banks in the world.

BNY declined to comment. With Monday's gains, Northern Trust shares have added nearly a fifth of their value this year. BNY shares, which entered Monday up almost 20% this year, fell 2% Monday.

On June 22, 2025, The Wall Street Journal reported that Bank of New York Mellon has approached Northern Trust to discuss a potential merger. Why It matters: With Northern Trust’s $22 billion ...