Northern Trust: Solid Q4, But Valuation Is Too Elevated

Core Viewpoint - Northern Trust Corporation (NTRS) has shown strong performance over the past year, with a share price increase of 34% attributed to rising markets and elevated interest rates [1] Company Performance - The trust and custody bank has benefited from favorable market conditions, which have positively impacted its operations and financial performance [1] Investment Strategy - The article highlights a contrarian investment approach based on macro views and stock-specific turnaround stories, aiming for outsized returns with a favorable risk/reward profile [1]