Research Report | CICC: Net profit from bank stocks is expected to increase by 1% year-on-year in the first quarter. It is recommended to focus on Changshu Bank and Bank of Ningbo

Glonghui, April 22 | CICC released a report. In the first quarter, the revenue of listed banks in the mainland is expected to drop 4% year-on-year, and net profit will increase by 1% year-on-year. The profit growth rate will continue to weaken compared to last year. According to the bank, the pace of expansion of bank assets is slowing down, and some banks may be shrinking. However, interest spreads continued to narrow, and wealth management revenue was weak, hampering revenue performance. Considering that loan repricing is still occurring, interest rates on newly issued loans and bonds are declining, and deposit regularization is still present, it is expected that the net interest spreads of listed banks will narrow by 6 basis points quarterly in the first quarter, corresponding to an annual decline of 25 basis points, dragging down net interest income by 5% year-on-year. Moreover

Gelonghui FinanceApr 22 15:10

Express News | Wanjia Fund Huanghai: Management scale increased by more than 90%, still optimistic about coal stocks

BreakingsApr 21 22:05

Bank Ratings | Goldman Sachs: Domestic Bank profits are expected to continue to weaken in the first quarter

Glonghui, April 19 | Goldman Sachs published a research report stating that the average pre-provision profit of domestic banks covered in the first quarter is expected to drop 5% year-on-year, while net profit will increase by an average of 1%. The bank expects BOC profits to continue to weaken in the first quarter due to weak net interest spreads and slowing loan growth. Despite the challenging macroeconomic environment, provision disbursements will continue to drive net profit growth, and the density of risk-weighted assets (RWA) will decrease further as domestic banks hold more government bonds. The bank mentioned that CCB's balance sheet is stronger than that of its peers, so it can maintain stable dividends and give it a “buy” rating. The target price is 4

Gelonghui FinanceApr 19 15:01

Donghai Securities released a research report on April 17 stating that it gave Bank of Ningbo (002142.SZ) a purchase rating. The main reasons for the rating include: 1) the return on investment led to an improvement in revenue growth; 2) the decline in th

Donghai Securities released a research report on April 17 stating that it gave Bank of Ningbo (002142.SZ) a purchase rating. The main reasons for the rating include: 1) the return on investment led to an improvement in revenue growth; 2) the decline in the average yield on loans narrowed significantly, and the deposit cost ratio increased due to regularization; 3) capital market fluctuations curbed the wealth management business, and net income from processing fees and commissions declined in the second half of the year. (Mainichi Keizai Shimbun)

Zhitong FinanceApr 18 07:51

The Bank of Ningbo rose more than 5%, and its turnover exceeded 1.25 billion yuan.

The Bank of Ningbo rose more than 5%, and its turnover exceeded 1.25 billion yuan.

Zhitong FinanceApr 17 14:48

China CITIC Bank hit a hike in the afternoon, with a turnover of 1,361 billion yuan. Bank of Ningbo, Ping An Bank, Bank of Lanzhou, Everbright Bank, and Bank of Suzhou followed suit.

China CITIC Bank hit a hike in the afternoon, with a turnover of 1,361 billion yuan. Bank of Ningbo, Ping An Bank, Bank of Lanzhou, Everbright Bank, and Bank of Suzhou followed suit.

Zhitong FinanceApr 17 13:33