Northern Trust announces $2.5B common stock repurchase authorization

The board of Northern Trust (NTRS) approved a new common stock repurchase authorization authorizing, but not obligating, the repurchase of up to $2.5B of the corporation’s outstanding shares of common stock from time to time. The new stock repurchase authorization replaces the previously announced authorization approved on October 19, 2021, for which there had been approximately 4.8M shares of remaining repurchase capacity as of the date of the new stock repurchase authorization after taking into account 572,709 shares repurchased between July 1 and the date of the new stock repurchase authorization.