No Data
Minsheng Securities: In the third quarter of 2024, the performance growth rate of the six major state-owned industries has marginally improved, and the asset quality remains stable.
In the third quarter of 2024, the six major banks' overall operations are stable, with the asset scale steadily expanding, and the asset quality maintained at a reasonable level.
Bank of Communications (03328.HK): External supervisor Li Yao retired upon expiration of his term.
On October 31, Gray Dragon reported that Li Yao, an external supervisor of the Bank of Communications (03328.HK), retired upon the expiration of his term. Starting from October 31, 2024, he will no longer hold the position of external supervisor, chairman of the Supervisory Board Nomination Committee, and member of the Supervisory Board Finance and Internal Control Supervision Committee.
Bank of America Securities: Downgraded Bank of Communications rating to "Neutral", target price raised to 6.08 Hong Kong dollars.
Bank of Communications Securities released a research report stating that the net income of Bank of Communications (03328) in the first nine months of this year fell by 0.7% year-on-year, weaker than most domestic peers; the core profit dropped by 3.6% year-on-year, accounting for 76% of the bank's full-year forecast for 2024. In addition, the bank has raised profit forecasts for the years 2024 to 2026 by 1% to 3%, with the H share target price raised from 5.9 Hong Kong dollars to 6.08 Hong Kong dollars, and the rating downgraded from 'buy' to 'neutral.' Bank of Communications Securities mentioned that the net interest margin (NIM) of the bank fell by 3 basis points in the third quarter of this year, similar to industry trends; net interest income (NII) fell by 0.
Rules for the normalization of existing house loan interest rates have arrived! Understand it in one article.
①Preliminary statistics show that as of October 28, 21 nationwide banks have completed batch adjustments, totaling 53.667 million transactions, reducing the outstanding housing loan interest rates by 25.2 trillion yuan. ②After this round of batch adjustments, the interest rates for existing housing loans have been reduced to 3.3%. If the gap between existing and new housing loan rates is greater than 30 basis points, it will drive a new round of reductions in existing housing loan rates.
Bank of Communications: Bank of Communications Third Quarter Report 2024
Bank of Communications Third Quarter Report 2024
No Data
No Data
