Cboe Global Markets vs Northern Trust

This page compares Cboe Global Markets and Northern Trust, examining their business models, financial performance, and market context in a neutral, accessible way. It presents how each company operates, the markets they serve, and the factors shaping their activities today. Educational content, not financial advice.

This page compares Cboe Global Markets and Northern Trust, examining their business models, financial performance, and market context in a neutral, accessible way. It presents how each company operate...

About The Companies

Cboe Global Markets (CBOE)

CBOE Holdings, Inc. is a leading operator of options and derivatives exchanges, best known for the Chicago Board Options Exchange and the VIX volatility index. The company earns revenues from transaction fees, market data subscriptions, index licensing and clearing services, serving professional traders, institutions and retail brokers. CBOE has diversified into futures, options on futures and global listings, while investing in technology to support higher-speed trading and market data distribution. Key investor considerations include trading volumes (sensitive to market volatility), recurring data and licensing revenues, and regulatory oversight of exchanges. Market cycles and shifts in derivatives usage can materially affect results. This summary is for educational purposes only and not personalised investment advice; suitability depends on an investor’s goals, risk tolerance and timeframe, and past performance is not a guarantee of future returns.

Northern Trust (NTRS)

Northern Trust Corporation (NTRS) is a US-based financial services firm specialising in custody, asset servicing, wealth management and asset management for institutions, corporations and high-net-worth individuals. With a market capitalisation of about $24.58B, it is known for operational scale, long-standing client relationships and a focus on risk management and technology to support custody and fund administration. Revenue and margins are sensitive to interest-rate environments, asset values under custody, and fee pressure from competitors and passive investing trends. Northern Trust has diversified revenue streams but faces regulatory capital requirements and competition from global custodians and banks. For investors, the company can offer exposure to the structural demand for asset servicing and wealth management, plus a track record of returning capital via dividends and buybacks; however, returns are not guaranteed. This summary is educational only and not personalised investment advice — investors should assess financial statements, regulatory filings and their own suitability before acting.

Comparison Snapshot

Key Financial Metrics

CBOE

Metric

NTRS

$26.48B

Market Cap

$26.20B

3.12%

Potential Profit

-4.39%

Hold

Analyst Rating

Hold

Why It's Moving

Cboe shares drift as company sets Q4 earnings date and analysts tweak forecasts amid softer market activity.

Earnings calendar set: Cboe confirmed its fourth-quarter 2025 earnings release and conference call this week, focusing investor attention on upcoming guidance and potential margin commentary ahead of the report. (Company filing)
Analyst action: At least one firm raised its price target for Cboe in the past week, a move that reflects continued confidence in the firm’s fee and data businesses but leaves its rating unchanged — supporting upside narratives while signaling limited near-term conviction. (Broker comment)
Sector dynamics and volumes: Recent trading commentary from the exchange and market notices point to softer macro-driven volume on certain products, which increases the stock’s sensitivity to guidance on transaction revenue and market-data sales in the Q4 results. (Exchange notices)

Sentiment:

⚖️Neutral

Northern Trust surges to all-time high on robust new business wins and institutional buying frenzy.

Secured more than 100 mandates from pensions and endowments across global regions, boosting assets under custody and highlighting tech-driven appeal like cloud-based alternatives management supporting $1T+ in assets[3].
Invesco Ltd. and First Trust Advisors ramped up stakes with significant buys, reflecting institutional confidence in Northern Trust's growth trajectory[1][2].
Declared $0.80 quarterly dividend payable January 1, 2026, yielding 2.4% with a sustainable 37% payout ratio, alongside a prime rate drop to 6.75% signaling easing conditions[6][7].

Sentiment:

🐃Bullish

Cboe shares drift as company sets Q4 earnings date and analysts tweak forecasts amid softer market activity.

Earnings calendar set: Cboe confirmed its fourth-quarter 2025 earnings release and conference call this week, focusing investor attention on upcoming guidance and potential margin commentary ahead of the report. (Company filing)
Analyst action: At least one firm raised its price target for Cboe in the past week, a move that reflects continued confidence in the firm’s fee and data businesses but leaves its rating unchanged — supporting upside narratives while signaling limited near-term conviction. (Broker comment)
Sector dynamics and volumes: Recent trading commentary from the exchange and market notices point to softer macro-driven volume on certain products, which increases the stock’s sensitivity to guidance on transaction revenue and market-data sales in the Q4 results. (Exchange notices)

Sentiment:

⚖️Neutral

Northern Trust surges to all-time high on robust new business wins and institutional buying frenzy.

Secured more than 100 mandates from pensions and endowments across global regions, boosting assets under custody and highlighting tech-driven appeal like cloud-based alternatives management supporting $1T+ in assets[3].
Invesco Ltd. and First Trust Advisors ramped up stakes with significant buys, reflecting institutional confidence in Northern Trust's growth trajectory[1][2].
Declared $0.80 quarterly dividend payable January 1, 2026, yielding 2.4% with a sustainable 37% payout ratio, alongside a prime rate drop to 6.75% signaling easing conditions[6][7].

Sentiment:

🐃Bullish

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Investment Analysis