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Investor Presentaiton

OUR DIFFERENTIATION IS REFLECTED IN STRONG SEGMENT PERFORMANCE NORTHERN TRUST WEALTH MANAGEMENT VS. INDUSTRY PEERS 2008 2018 2018 2018 2018 2018 2018 2018 Competitor Competitor Competitor Competitor Competitor Competitor A B C D E F ROE Total Company 16.0% 16.2% 11.1% 12.6% 17.9% 10.6% 8.6% 11.1% Pre-Tax Margin 25.7% 42.3% 26.2 26.1% 27.6% 19.4% 21.0% n/a YoY Revenue Growth 3.4% 9.2% 2.4% 1.7% 4.6% 4.1% (4.1%) 2.1% Fee Growth 1.5% 9.0% 8.7% 3.2% 4.9% 6.8% 0.6% 5.8% In many aspects, Northern Trust's financial performance in 2008 rivaled our peers' performance a decade later in 2018 Metrics for Wealth Management, unless otherwise stated, and sourced from company annual reports on Form 10-K. Peer set data sourced from company reports filed with the U.S. Securities and Exchange Commission and includes Morgan Stanley, JPMorgan, Bank of America, UBS, Wells Fargo and BNY Mellon. northerntrust.com | 2019 Northern Trust 5
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