03968 CM BANK
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CM BANK News
Express News | Changjiang Securities: China Merchants Bank's net interest margin decline narrows to maintain “buy” rating
Research Report Nuggets丨Changjiang Securities: China Merchants Bank's net interest margin decline narrowed, maintaining a “buy” rating
Glonghui, May 13 | According to the Changjiang Securities Research Report, China Merchants Bank (600036.SH)'s revenue in the first quarter fell 4.7%, and net interest income fell 6.2%, reflecting the impact of the decline in net interest spreads and the decline in the growth rate of interest-bearing assets; non-interest income fell 2.3%, of which the middle income fell 19.4%, which was a significant drag. Driven by revenue, net profit to mother fell 2.0%. The decline in profit in the first quarter reflects operating pressure in the current macro environment. The narrowing of the decline in net interest spreads was a highlight of the performance. Short-term operating pressure did not affect medium- to long-term investment logic. The revenue growth rate for the full year of 2024 is expected to be -1.2%, and the net profit to mother is 0.4
China Merchants Bank (600036): The decline in net interest spreads narrowed, and the non-performing rate fell month-on-month
The incident describes the release of China Merchants Bank's 2024 quarterly report. Revenue growth rate for the first quarter was -4.7% year-on-year, net profit growth rate of -2.0%, year-end non-performing loan ratio of 0.92%, a month-on-month decrease of 3BP, provision coverage rate of 437%, and a provision coverage rate of 437%.
Banks' non-interest income is growing rapidly, and bond yields are contributing to the “main force”, and future high returns are questionable
Financial Services Association, May 10 (Reporter Cao Yunyi) In an industry trend where net interest spreads continue to be pressured, other non-interest income has become the highlight of bank revenue. The data shows that investment income as a share of total bank revenue is rising rapidly.
Express News | Northbound Capital had a net sale of 6.304 billion yuan today. Ningde Times, Longji Green Energy, and Zijin Mining had net sales of 806 million yuan, 364 million yuan, and 298 million yuan respectively. China Merchants Bank had the highest net purchase am
Overview of the Hong Kong market | The three major indices rose sharply in the afternoon, and high-interest concept stocks such as domestic banks, domestic insurance, and coal were strong throughout the day! CCB rose nearly 7%, and China's Shenhua rose mo
The trend of TechNet shares was divided. Bilibili fell more than 2% and Ali rose more than 1%; domestic housing stocks continued to rise, with Shimao Group rising 60% and Xuhui Holdings rising more than 11%.
Hong Kong Stock Afternoon Review | The Hang Seng Index and China Index rose nearly 2%; domestic housing stocks and insurance stocks rose sharply, Shimao Group rose more than 58%, and China Taibao rose more than 8%
Technology Network stocks had mixed ups and downs. Kuaishou fell nearly 3%, and Ali rose more than 1%; bank stocks generally rose, and CCB and Agricultural Bank rose more than 6%.
Intraday Overview | Hong Kong stock trends diverge, high dividend concept carnival; domestic housing stocks skyrocketed, Shimao Group rose more than 50%
The Hong Kong Stock Exchange rose more than 6%. Reports say Hong Kong Stock Connect's dividend tax may be reduced, and the listing of Saudi companies in Hong Kong is just around the corner.
China Merchants Bank (600036): Short-term performance is under pressure, asset disposal efforts have increased
Incident: China Merchants Bank released its 2014 quarterly report. 24Q1 achieved revenue of 86.417 billion yuan, -4.65% year-on-year, growth rate compared to -3.01 PCT in 23; net profit to mother was 38.077 billion yuan, year-on-year -1
Major Bank Ratings | Bank of China International: CCB and CMB Prefer Maintaining the “Accumulation” Rating in the Domestic Banking Sector
Glonghui, May 9 | Bank of China International released a report stating that profits of commercial banks in the mainland declined slightly in the first quarter, and the industry needed to continue to provide financial support to the real economy, so net interest spreads narrowed more than expected. Although profits fell slightly, asset quality was maintained. The bank covers the main domestic bank AH shares. Net profit for the first quarter fell 1.28% year-on-year, up 3.37% from the same period last year. Operating profit before provision fell 2.51% year-on-year, and fell 3.35% from the same period last year. According to the report, the fundamentals of domestic banks covered in the first quarter were still stable. As of the end of March, asset size, liabilities, loans, and deposits increased by 3.26%, respectively.
Bank of China International: CCB (00939) and China Merchants Bank (03968) maintain the “increase in holdings” ratings in the domestic banking sector
Bank of China International favors China Construction Bank (00939) and China Merchants Bank (03968) in the industry.
Wang Yungui retired, and China Merchants Bank's management structure returned to “one correction, five departments, two banks”. The executive transformation from last year to now has finally come to an end
① After Wang Yungui retired, most of CMB's current eight senior executives were promoted internally by CMB seniors. Moreover, most of them were born in their late 60s and 70s, and are in the stage where they are strong. ② A number of CMB insiders told CMB reporters that Wang Yungui's retirement “was already planned”, which also meant “this round of executive adjustments is basically about the same.”
Express News | China Merchants Bank: Wang Yungui Resigns as Deputy Governor
Master Lu (03601): Chengdu Qilu subscribes to China Merchants Bank for 40 million yuan of structured deposit products
Zhitong Finance App News, Master Lu (03601) announced that in order to make full use of the Group's idle capital to obtain better financial returns, the company's subsidiary Chengdu Qilu signed a structured deposit product agreement XXXVIII with China Merchants Bank on May 8, 2024. Based on this, Chengdu Qilu agreed to subscribe to a structured deposit product of RMB 40 million from China Merchants Bank. The subscription capital is the redeemed principal amount under the Structured Deposit Product Agreement XXXVII.
Express News | China Merchants Bank: Vice Governor Wang Yungui Resigns
A quick look at the Hong Kong market | Most of Kewang stocks and domestic housing stocks declined. Xiaomi reversed the market and rose more than 6%, and Vanke fell nearly 7%
Most auto stocks declined; Xiaopeng fell more than 6%, ideally nearly 5%; coal stocks improved, China Coal Energy rose nearly 5%, and Yankuang Energy rose more than 4%; large financial stocks weakened, and CICC Securities, and Ping An of China fell about 4%.
Express News | 360: There are no financial difficulties, and false rumors will be resolutely prosecuted for legal responsibility
Private bank executives will also have rules to follow when carrying out their duties. The Fujian Regulatory Bureau issued the industry's first relevant document, making it clear that incompetent executives should be held accountable and resign
The banking industry is highly regulated, and even private banks known for their pioneering, innovative and flexible mechanisms are no exception.
China Merchants Bank (600036) 2023 Annual Report Review: 2023Q4 Non-Interest Income Supports Revenue Growth and Increased Dividend Ratio
Incident: China Merchants Bank released its 2023 annual report. In 2023, China Merchants Bank achieved operating income of 339.123 billion yuan, a year-on-year decrease of 1.64%; realized net profit attributable to shareholders of 146.602 billion yuan, a year-on-year increase
Express News | Northbound Capital made a net purchase of 9.316 billion yuan today
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