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.

wallstreetcn00:53 ET

The effect of interest rate cuts on deposits is gradually becoming apparent, with interest expenses of many national banks decreasing in the first half of the year, and some banks reducing by more than 7%.

① According to the semi-annual reports of joint stock banks and state-owned banks, although the trend of deposit regularization is obvious, and coupled with the expansion of deposit scale, the cost of debt has actually been reduced for many banks. ② Recent earnings conferences have shown that executives of various banks have expressed the need to adjust the asset-liability structure, strengthen cost control of liabilities, and attract low-cost deposits. This will be the focus and deployment direction for commercial banks in the second half of the year.

cls.cnAug 29 08:57 ET

Yuexiu Property is making a full effort to reach 147 billion.

Ranked ninth in the first half of the year.

wallstreetcnAug 28 23:39 ET

Shanghai real estate market welcomes transformation as the "7090 policy" fades out of the historical stage.

①The supply side of the Shanghai real estate market is undergoing another transformation, and the long-standing '7090 policy' for new houses will fade into history. ②After the new policy, the standard building area for small-sized houses in multi-story, small high-rise, and high-rise buildings in Shanghai will be adjusted to 100 square meters, 110 square meters, and 120 square meters respectively.

cls.cnAug 27 09:10 ET

Will the anti-job burnout of photovoltaics be further advanced? The leading silicon wafer companies are jointly raising prices, but the return of production capacity may limit the subsequent rise | Focus

① Daquan Energy, Tongwei Co., Ltd., Gansu Jingang Solar and other companies responded; ② Lu Jinbiao, the Secretary-General of the SEMI China Photovoltaic Standards Committee, said that after adjusting the load and reducing supply to promote a rebound in prices, there will be a phenomenon of capacity rework, limiting further price recovery.

cls.cnAug 27 06:20 ET

Is the "difficult days" of the photovoltaic industry over? Two major silicon wafer leaders announced price increases on the same day | Industry News

① Longi Green Energy and TCL Zhonghuan Renewable Energy Technology announced on the same day that the prices of their silicon wafer products have been raised. After the adjustment, the prices of the two industry leaders' products remain essentially the same. ② The actual transactions of the latest prices are still to be observed. Industry analysis believes that the current capacity clearance has not yet ended, and there is still a possibility of low-price grabbing in the future.

cls.cnAug 27 04:07 ET