Northern Trust Corp (NASDAQ:NTRS)

I like their recent purchase of citadel's omnium

It is arguably the best private bank in North America. They also have a substantial institutional business. and is selling below their 10-year avg. in P/E, P/B, P/S, and P/CF. It sports a decent div. yield (2.2%). Market conditions continue to influence their results. They get 58% of their revenue from trust, investment, and other serving fees. So the uneven market and low interest rates aren't helping them. The quality of their loan portfolio improved in comparison with Q2. Furthermore, client acquisition and retention in 2010, that is net new business from both personal and institutional clients, is up 18% compared with the first nine months of 2009. They have a global presence and I like that they are beefing up their Asian operations. At the end of the day, this is a bet that the economy and market will recover. I see no reason why the S&P can't have a positive year in 2011, given the dynamics of the presidential election cycle.

Moving off of 52 week low. Chances of buyout.

Well managed bank catering to stable clientele and wealth management. Evanston, Illinois headquarters.

This Company is so undervalued. they are a very conservative bank. Just check out the balance sheet. Never needed TARP funds. Management is very strong. This bank is fairing much better than most, and the valuation is attractive right now

Mmm...financial services...

Well managed, conservative, and the beneficiary of flight-to-quality movements as others in their field faltered.

Aren't these the people that gave BACK their loan to the tax payers?

Reports before market opens in the morning, and if it holds true to the price action that State Street has seen today, it could very well get a serious haircut.

I've purchased puts on this issue at approximately 12:15 today.

Intraday price action looks like a pump, IMO.

Low risk portfolio. High fee income. Beaten up with all other bank stocks. Will outperform them.

One of the best and safest bank stocks. Primarily dealing with wealthy clients and financial planning in suburban Chicago area. Very conservative.

Low Debt. Lots of Cash. Highest ROE out Midwest banks. Primarily ultra rich clients = no sub prime exposure.

Counter trend pick. Financials are, but this stock is going against the trend.

The hyper-rich and big institutions are putting their money with NTRS. Banking for big clients like Barack Obama and the Hawaii Pension System is old hat for NTRS--and if nothing else, the stock is a performance champion, a nice earnings machine. Sure, the stock is down today, as Crude is up to $133--but that it is down so little is a testament to the this stock.

A Barron's pick.... a solid firm targeting upper-end customers with a highly customized approach.

Mortgage mess wont hurt this bank, and rock solid 4Q.

With the vol that is in the market right now, I see wealth investers flocking to this bank to have their money managed. Also, a big plus that they are not tied to the whole subprime mess.

They know where the money is.

Testing the theory of Generation Investment Management and Al Gore