Perpetual's Wealth Talks May Generate Brand-Value Debate -- Market Talk

Dow Jones

Jan 09

2230 GMT - Citi analyst Nigel Pittaway wonders how much longer Perpetual's efforts to sell its wealth-management business will take, flagging the value of the brand as a likely point of contention. The Australian company has been in exclusive talks with Bain Capital since November. Pittaway sees the value of the Perpetual brand, which may be integral for the company's residual corporate trust business, as a key discussion point in any deal. He tells clients in a note that a sale for A$500 million plus appropriate brand value, with only a modest capital gains tax impost, would be positively received by investors. Citi trims its target price 1% to A$20.60 and stays neutral on the stock, which is at A$19.37 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 08, 2026 17:30 ET (22:30 GMT)

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The Australian company has been in exclusive talks with Bain Capital since November. Pittaway sees the value of the Perpetual brand, which may be integral for the company's residual corporate trust business, as a key discussion point in any deal. He tells clients in a note that a sale for A$500 million plus appropriate brand value, with only a modest capital gains tax impost, would be positively received by investors. Citi trims its target price 1% to A$20.60 and stays neutral on the stock, which is at A$19.37 ahead of the open. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2026 17:30 ET (22:30 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>Perpetual's Wealth Talks May Generate Brand-Value Debate -- 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\">\nPerpetual's Wealth Talks May Generate Brand-Value Debate -- 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\">2026-01-09 06:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n    2230 GMT - Citi analyst Nigel Pittaway wonders how much longer Perpetual's efforts to sell its wealth-management business will take, flagging the value of the brand as a likely point of contention. The Australian company has been in exclusive talks with Bain Capital since November. Pittaway sees the value of the Perpetual brand, which may be integral for the company's residual corporate trust business, as a key discussion point in any deal. He tells clients in a note that a sale for A$500 million plus appropriate brand value, with only a modest capital gains tax impost, would be positively received by investors. Citi trims its target price 1% to A$20.60 and stays neutral on the stock, which is at A$19.37 ahead of the open. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2026 17:30 ET (22:30 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":"PPT.AU","symbol_name":"PERPETUAL LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2602831500","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2602831500","pubTimestamp":1767911400,"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":"2230 GMT - Citi analyst Nigel Pittaway wonders how much longer Perpetual's efforts to sell its wealth-management business will take, flagging the value of the brand as a likely point of contention. The Australian company has been in exclusive talks with Bain Capital since November. Pittaway sees the value of the Perpetual brand, which may be integral for the company's residual corporate trust business, as a key discussion point in any deal. He tells clients in a note that a sale for A$500 million plus appropriate brand value, with only a modest capital gains tax impost, would be positively received by investors. Citi trims its target price 1% to A$20.60 and stays neutral on the stock, which is at A$19.37 ahead of the open. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PPT.AU":"PERPETUAL LTD","BK7062":"资产管理与托管银行"},"translate_title":"Perpetual的财富谈话可能会引发品牌价值争论——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PPT.AU":0.9},"content_text":"2230 GMT - Citi analyst Nigel Pittaway wonders how much longer Perpetual's efforts to sell its wealth-management business will take, flagging the value of the brand as a likely point of contention. The Australian company has been in exclusive talks with Bain Capital since November. Pittaway sees the value of the Perpetual brand, which may be integral for the company's residual corporate trust business, as a key discussion point in any deal. He tells clients in a note that a sale for A$500 million plus appropriate brand value, with only a modest capital gains tax impost, would be positively received by investors. Citi trims its target price 1% to A$20.60 and stays neutral on the stock, which is at A$19.37 ahead of the open. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 08, 2026 17:30 ET (22:30 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":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}