Heartland's Latest Deal Positive But Execution Key -- Market Talk

Dow Jones

06/03

0045 GMT - Heartland's decision to combine its New Zealand bank with TSB Bank is positive, but comes with meaningful execution risks, says Forsyth Barr. The key to unlocking value from the merger is creating savings. Heartland believes it can reduce 12% of the combined operating expenses through eliminating duplicated overheads, notes analyst Ben Crozier. "We believe this is achievable but see the integration of technology systems and TSB's recent low lending and earnings growth as potential risks to a successful merger," says Forsyth Barr, which rates Heartland at neutral. It expects the deal to proceed, so incorporates it into its forecasts. Forsyth Barr's price target rises 12% to NZ$1.40/share. Heartland is down 1.2% at NZ$1.255 today. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 02, 2026 20:45 ET (00:45 GMT)

应版权方要求，你需要登录查看该内容

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/hans/news/2640592922"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2640592922\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2640592922?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-03 08:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2640592922","market":"hk","top_or_hot":-1,"title":"Heartland's Latest Deal Positive But Execution Key -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0045 GMT - Heartland's decision to combine its New Zealand bank with TSB Bank is positive, but comes with meaningful execution risks, says Forsyth Barr. The key to unlocking value from the merger is creating savings. Heartland believes it can reduce 12% of the combined operating expenses through eliminating duplicated overheads, notes analyst Ben Crozier. \"We believe this is achievable but see the integration of technology systems and TSB's recent low lending and earnings growth as potential risks to a successful merger,\" says Forsyth Barr, which rates Heartland at neutral. It expects the deal to proceed, so incorporates it into its forecasts. Forsyth Barr's price target rises 12% to NZ$1.40/share. Heartland is down 1.2% at NZ$1.255 today. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 02, 2026 20:45 ET (00:45 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Heartland's Latest Deal Positive But Execution Key -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHeartland's Latest Deal Positive But Execution Key -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-03 08:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0045 GMT - Heartland's decision to combine its New Zealand bank with TSB Bank is positive, but comes with meaningful execution risks, says Forsyth Barr. The key to unlocking value from the merger is creating savings. Heartland believes it can reduce 12% of the combined operating expenses through eliminating duplicated overheads, notes analyst Ben Crozier. \"We believe this is achievable but see the integration of technology systems and TSB's recent low lending and earnings growth as potential risks to a successful merger,\" says Forsyth Barr, which rates Heartland at neutral. It expects the deal to proceed, so incorporates it into its forecasts. Forsyth Barr's price target rises 12% to NZ$1.40/share. Heartland is down 1.2% at NZ$1.255 today. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 02, 2026 20:45 ET (00:45 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HTLD","symbol_name":"哈特兰快递","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640592922","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640592922","pubTimestamp":1780447500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0045 GMT - Heartland's decision to combine its New Zealand bank with TSB Bank is positive, but comes with meaningful execution risks, says Forsyth Barr. The key to unlocking value from the merger is creating savings. Heartland believes it can reduce 12% of the combined operating expenses through eliminating duplicated overheads, notes analyst Ben Crozier. \"We believe this is achievable but see the integration of technology systems and TSB's recent low lending and earnings growth as potential risks to a successful merger,\" says Forsyth Barr, which rates Heartland at neutral. It expects the deal to proceed, so incorporates it into its forecasts. Forsyth Barr's price target rises 12% to NZ$1.40/share. Heartland is down 1.2% at NZ$1.255 today. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HTLD":"哈特兰快递","BK7135":"综合性银行","BK4022":"陆运","BK4232":"货物陆运","HGH.NZ":"Heartland Group Holdings Limited Ordinary Shares","BK8062":"综合性银行","HGH.AU":"HEARTLAND GROUP HOLDINGS LTD"},"translate_title":"Heartland最新交易积极但执行关键——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HTLD":1.5,"HGH.AU":0.9,"HGH.NZ":0.9},"content_text":"0045 GMT - Heartland's decision to combine its New Zealand bank with TSB Bank is positive, but comes with meaningful execution risks, says Forsyth Barr. The key to unlocking value from the merger is creating savings. Heartland believes it can reduce 12% of the combined operating expenses through eliminating duplicated overheads, notes analyst Ben Crozier. \"We believe this is achievable but see the integration of technology systems and TSB's recent low lending and earnings growth as potential risks to a successful merger,\" says Forsyth Barr, which rates Heartland at neutral. It expects the deal to proceed, so incorporates it into its forecasts. Forsyth Barr's price target rises 12% to NZ$1.40/share. Heartland is down 1.2% at NZ$1.255 today. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 02, 2026 20:45 ET (00:45 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}