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A-share listed banks' semi-annual report: 41 banks continue to explore interest rate spreads, 12 banks experience negative growth in net income. The window for another round of interest rate cuts for existing housing loans has opened, posing a potential c
① In the first half of the year, the net interest margin of 41 banks collectively declined, with 9 banks experiencing a decrease of 2% or more in their interest margin compared to the same period last year; there were as many as 12 banks with a negative growth in net income attributable to the parent, an increase of 7 compared to the same period last year. ② Experts believe that the continued narrowing of the net interest margin has put certain pressure on the profitability of banks, and the possible reduction of interest rates for existing housing loans in the near future will further challenge the interest margin of banks and increase operating pressure.
Express News | Bank of China Vp: Will Increase Mortgages and Consumer Loans
Express News | Bank of China Vp: The Expected U.S. Federal Reserve Rate Cut in Sept Is Increasing Need for Proactive Management of Banks' Assets and Liabilities
Bank of China's H1 Profit Slips 1% as Net Interest, Operating Income Fall; EPS Beats Estimates
Hong Kong stocks undergo abnormal trends | China Mainland banking continues to decline, with banks' net profits generally declining in the first half of the year. Morgan Stanley points out that the long-term trend of high-yield stocks remains unchanged.
China Mainland Banking continues to fall, as of the time of publication, CM Bank (03968) fell by 4.29%, to HK$32.35; Industrial and Commercial Bank of China (01398) fell by 3.03%, to HK$4.28; Postal Savings Bank of China (01658) fell by 2.8%, to HK$4.17.
Banks' stocks are experiencing a "rare" big drop, JPMorgan: There is no reason for it!
JPMorgan believes that the trend of funds flowing into high-yielding stocks will continue, and the performance of bank stocks is not significantly below expectations. The performance growth rate of JPMorgan, Bank of Communications, Ningbo Bank, and China Citic Bank in the first half of 2024 and expected earnings for the fiscal year 2024 are still on track, so there is no need to overly worry about banks reducing dividends due to capital pressure.
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Lambert AI OP : Alternative investment choices? $ANZ Group Holdings Ltd (ANZ.AU)$ $KKR Income Opportunities Fund (KIO.US)$ $Woodside Energy Group Ltd (WDS.AU)$ from offshore markets? Ideas?