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Bank stocks firmly hold the "iron throne"! The total market value of the six major banks surpasses that of the GEM, with multiple stocks reaching new highs this year.
①The total market value of the six major banks has increased from 6.64 trillion yuan at the end of last year to the current 8.79 trillion yuan, with a total market value increase of over 2 trillion yuan. ②The total market value of the chinext price index has decreased from 11.39 trillion yuan at the end of last year to the current 8.67 trillion yuan.
A new round of interest rate cuts for deposits is about to end its first month: small and medium-sized banks continue to follow suit, and some banks have made a second adjustment within the month. Is there still room for further cuts?
① In the context of market interest rate decline, banks are facing continuous pressure to narrow their net interest margin. Some banks have directly lowered deposit interest rates, while others have adjusted them in a phased manner. ② The phenomenon of inverted deposit interest rates is the result of the combined effects of macroeconomic conditions, bank operational strategies, policy guidance, and market expectations.
China mainland banking stocks rose across the board, with China CITIC Bank Corporation (00998) up 1.24%. JP Morgan said that the fundamentals and liquidity factors are in resonance, driving the banking sector to achieve excess returns.
Jingwu finance | China mainland banking rise across the board. As of press time, Harbin Bank (06138) rose 1.85%, Agricultural Bank (01288) rose 1.42%, Bank of Zhengzhou (06196) rose 1.37%, China Citic Bank Corporation (00998) rose 1.24%, Postal Savings Bank of China (01658) rose 0.92%. In terms of news, Lin Yingqi, banking analyst from the research department of China International Capital Corporation, expressed in the latest comment that the bank's excess returns are mainly due to the joint effect of fundamentals and capital: despite pressure in the operating environment, the bank has achieved stable results through cost reduction of liabilities, investment returns, and provision contributions.
What is the reason for the year-on-year decrease in net profit of some private banks? The Financial Regulatory Bureau responded.
Liao Yuanyuan said that the net income growth rate of private banks has experienced negative growth. Mainly because these banks have significantly increased their provisions compared to the same period last year, which directly affects the current profits and leads to a temporary decline in net income of private banks.
Who is buying banks according to Xingye Securities?
The banking sector has performed well this year, as of August 19th, the Shenwan Bank Index has increased by 19.08%, ranking first among all 31 first-tier industries, with returns exceeding second place by 10%. Among them, the stock prices of the five major banks, including ICBC and China Construction Bank, have set new highs.
Postal Savings Bank of China Schedules Board Meeting
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