Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.
In short
How the two compare
On the latest closes (28 Oct 2026), BNY Mellon is the larger company by market value ($102.86B against $31.78B). Over the past year BNY Mellon returned +39.8% and Northern Trust +38.4%, while the S&P 500 returned +12.7%. The latest filed P/E is 17.0 for BNY Mellon and 15.3 for Northern Trust, and the operating margin 0% against 0%. Over the next 21 sessions the model expects −0.97% for BNY Mellon, with a 13% chance of a rise, and −0.57% for Northern Trust, with a 49% chance. BNY Mellon's long-run fair value is $143.12, a gap of −3.7% to its price; the long-run model view is neutral. Northern Trust has no published fair value today.
Model view
What the model expects
Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.
Model readings:
MeasureBNY Mellon · BNYNorthern Trust · NTRS
Expected returnnext 21 sessions
BNY−0.97%
NTRS−0.57%
Chance of a risenext 21 sessions
BNY13%
NTRS49%
Expected returnnext 63 sessions
BNY+0.75%
NTRS+2.09%
Range of outcomes63 sessions, 80% band
BNY−16.5% to +18%
NTRS−16% to +20.2%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
BNY$143.1228 Oct 2026
NTRS—The model's fair value falls outside its own interval or at the gap clamp, so it is not a measurement.
Gap to pricefair value against the close
BNY−3.7%
NTRS—The model's fair value falls outside its own interval or at the gap clamp, so it is not a measurement.
Past readings that matchedsign of the 21-session outcome
BNY55.8%of 269
NTRS49.4%of 269
Price performance
How the prices moved
Price change over each period, with the S&P 500 (SPY) for comparison.
Closes to
MeasureBNY Mellon · BNYNorthern Trust · NTRS
1 monthS&P 500: +1.1%
BNY+1.1%
NTRS−0.6%
6 monthsS&P 500: +8.5%
BNY+12.8%
NTRS+4.8%
Year to dateS&P 500: +13.3%
BNY+29.6%
NTRS+27.1%
1 yearS&P 500: +12.7%
BNY+39.8%
NTRS+38.4%
5 yearsS&P 500: +70.7%
BNY+186.9%
NTRS+58.1%
1 year against the S&P 500percentage points
BNY+27.1 pts
NTRS+25.7 pts
Position in the 52-week range0% low, 100% high
BNY72%close $148.59 in $104.13 to $165.84
NTRS69%close $171.90 in $119.57 to $195.78
Against the 200-day average
BNY+7.2%
NTRS+4.4%
Valuation
What the market pays
Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.
Filings: quarter to
MeasureBNY Mellon · BNYNorthern Trust · NTRS
Market value
BNY$102.86B28 Oct 2026
NTRS$31.78B28 Oct 2026
Enterprise valueat the last filing
BNY$127.80B30 Jun 2026
NTRS—Not in the latest filing data.
P/Elatest filed
BNY17.0
NTRS15.3
Price to book
BNY2.21
NTRS2.40
EV / EBITDA
BNY17.02
NTRS11.04
Free cash flow yield
BNY1.59%
NTRS1.39%
Dividend yield
BNY1.54%
NTRS1.86%
Profitability
How much of revenue becomes profit
Margins and returns on capital from the latest filing; revenue, net income and earnings per share over the trailing twelve months.
Filings: quarter to
MeasureBNY Mellon · BNYNorthern Trust · NTRS
Gross margin
BNY—Not in the latest filing data.
NTRS—Not in the latest filing data.
Operating margin
BNY0%
NTRS0%
Net margin
BNY29.7%
NTRS58.7%
Return on equity
BNY13%
NTRS15.7%
Return on invested capital
BNY—Not in the latest filing data.
NTRS—Not in the latest filing data.
Revenuetrailing twelve months
BNY$19.42B
NTRS$8.20B
Net incometrailing twelve months
BNY$5.89B
NTRS$2.11B
Earnings per sharetrailing twelve months
BNY$8.50
NTRS$11.40
Growth
How fast the business grew
Change against the same quarter a year earlier.
Filings: quarter to
MeasureBNY Mellon · BNYNorthern Trust · NTRS
Revenue growthyear over year
BNY−10%
NTRS+9.6%
Earnings growthyear over year
BNY+23.8%
NTRS+88%
Free cash flow growthyear over year
BNY−185.8%
NTRS−109.1%
Financial health
Balance sheet and quality scores
Leverage, liquidity and two published scores: Altman Z (below 1.8 the distress zone, above 3 the safe zone) and Piotroski F (0 to 9).
Filings: quarter to
MeasureBNY Mellon · BNYNorthern Trust · NTRS
Debt to equity
BNY0.78
NTRS—Not in the latest filing data.
Current ratiocurrent assets over current liabilities
BNY—Not in the latest filing data.
NTRS—Not in the latest filing data.
Altman Z-score
BNY0.27
NTRS0.26
Piotroski F-scoreout of 9
BNY3 of 9
NTRS2 of 9
Trading and risk
How the shares trade
Volatility, sensitivity to the market, the deepest fall, short interest and how closely the two move together.
Closes to ; FINRA settlement
MeasureBNY Mellon · BNYNorthern Trust · NTRS
Volatility21 sessions, annualised
BNY19.6%
NTRS18%
Betaagainst the S&P 500, 5 years
BNY0.91
NTRS1.11
Deepest fallpeak to trough, 5 years
BNY−40.5%
NTRS−50%
Market regimeour reading at each model date
BNYStrong risk-off
NTRSStrong risk-off
Short interestshare of the float
BNY1.2%settled 30 Sep 2026
NTRS2%settled 30 Sep 2026
Days to covershort shares over average volume
BNY1.9
NTRS3.5
Average volume3 months, shares a day
BNY3.34M
NTRS1.1M
Moving togethercorrelation of daily returns, past year0.75, often together−1 opposite0 unrelated+1 together
Questions
BNY Mellon or Northern Trust: common questions
Which is larger by market value, BNY Mellon or Northern Trust?
BNY Mellon, at $102.86B against $31.78B for Northern Trust, on the latest closes (28 Oct 2026).
Which has the higher P/E ratio, BNY Mellon or Northern Trust?
BNY Mellon has the higher latest filed P/E, 17.0; Northern Trust's is 15.3. Filings: quarter to 30 Jun 2026.
How did BNY Mellon and Northern Trust move over the past year against the S&P 500?
Over the past year BNY Mellon returned +39.8% and Northern Trust +38.4%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.
What does the model expect for BNY Mellon and Northern Trust over the next month?
−0.97% for BNY Mellon with a 13% chance of a rise, and −0.57% for Northern Trust with a 49% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.
How do the operating margins of BNY Mellon and Northern Trust compare?
The operating margin is 0% for BNY Mellon and 0% for Northern Trust. Filings: quarter to 30 Jun 2026.
Do BNY Mellon and Northern Trust shares move together?
Over the past year the correlation of their daily returns was 0.75 (often together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.
In the consoleCompare up to four companies with every model readingMembers see the 63-session chance of a rise and all four horizons, side by side in Research › Compare.
Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.