Express News | Zheshang Securities: Optimistic about the banking sector, from the certainty of buying dividends to the certainty of buying growth
Express News | Many banks have intensively lowered deposit interest rates, ranging from 10 basis points to 60 basis points
Galaxy Securities: Strong policies, steady expectations, continuing to be optimistic about the allocation value of the banking sector
The Zhitong Finance App learned that Galaxy Securities released a research report saying that interest rate cuts put pressure on asset-side earnings in the short term, but from a medium- to long-term perspective, they are beneficial to investment and consumption, promote economic growth and the steady and healthy development of the real estate market, and help improve the bank's business environment and mitigate adverse risks.
What is the reason? See bank stocks rise and fall again! Major capital inflows
By the midday close, 42 A-share bank stocks had risen across the board. With large capital purchases, Ping An Bank was still blocked on the rise and fall. Bank stocks also rose across the board in the Hong Kong stock market. Ping An of China rose nearly 8%, and China Merchants Bank rose more than 6%.
Express News | CITIC Construction Investment: The narrowing of net interest spreads in the banking sector in 2024 is still expected to be better than last year
China Investment Securities: How will the LPR cut affect banks?
The Zhitong Finance App learned that SDIC Securities released a research report stating that the impact of the current LPR cut on bank stocks is neutral.