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Citizens Financial Group vs Northern Trust: CFG and NTRS compared
Citizens Financial Group is the larger company: $2.3B of revenue in its latest quarter (Q3 2026) against $2.3B for Northern Trust (Q3 2026). Northern Trust is growing faster (+13% against +10% a year earlier). Northern Trust is more profitable, with an operating margin of 34.7% against 34.6%.
Where the money goes: CFG and NTRS
Citizens Financial Group (CFG) · Q3 2026
Citizens Financial Group, Q3 2026: revenue $2.3B (+10% year over year), operating margin 34.6%, net earnings $636M, operating cash flow $453M. The chart follows the revenue to costs, profit and cash.
Northern Trust (NTRS) · Q3 2026
Northern Trust, Q3 2026: revenue $2.3B (+13% year over year), operating margin 34.7%, net earnings $643M, operating cash flow $1.8B. The chart follows the revenue to costs, profit and cash.
| Citizens Financial Group (CFG) | Northern Trust (NTRS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.3B | $2.3B |
| Revenue growth, Y/Y | +10% | +13% |
| Operating margin | 34.6% | 34.7% |
| Net earnings | $636M | $643M |
| Net margin | 27.4% | 28.0% |
| Operating cash flow | $453M | $1.8B |
| Free cash flow | — | $1.8B |
| Market value | $27.1B | $31.9B |
| P/E | 12.8× | 13.1× |
| Analysts’ mean target | $76.39 | $181.68 |
Where the revenue comes from
Northern Trust
- Other revenues: $921M (40%)
- Investment Management and Advisory: $736M (32%)
- Custody and Fund Administration: $547M (24%)
- Other: $61.2M (3%)
Questions
Which is bigger, Citizens Financial Group or Northern Trust?
Citizens Financial Group is the larger company: $2.3B of revenue in its latest quarter (Q3 2026) against $2.3B for Northern Trust (Q3 2026).
Is Citizens Financial Group or Northern Trust growing faster?
Northern Trust is growing faster (+13% against +10% a year earlier).
Which is more profitable, Citizens Financial Group or Northern Trust?
Northern Trust is more profitable, with an operating margin of 34.7% against 34.6%.
More: Citizens Financial Group earnings · how Citizens Financial Group makes money · Northern Trust earnings · how Northern Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.