Why Northern Trust Stock Zoomed 11% Higher This Week
The Motley Foolยท2025-06-27 22:20Very often, when a publicly traded company is the focus of takeover interest, investors are attracted to its stock. That was the case earlier this week when a media report stated that banking conglomerate Northern Trust (NTRS 1.20%) had been approached by a potential suitor. That juiced its shares, which, according to data compiled by S&P Global Market Intelligence, ended the week more than 11% higher in price.An apparent suitorOn Sunday, The Wall Street Journal broke the news that Bank of New York Mellon ( ...