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Express News | CITIC Securities: The bank's first quarter results are expected to be relatively low for the whole year
Chongqing Agricultural Commercial Bank (601077): Stable revenue and stable asset quality
Guide to this report: The results of the 2024 quarterly report of the Chongqing Agricultural Commercial Bank were in line with expectations. Revenue was stable, net profit declined to a certain extent, the pace of credit investment was balanced, asset quality remained stable, and the rating of increasing holdings was maintained. Key Investment Points: Comprehensive Examination of Investment Proposals
Bank quarterly reports have been released one after another: the net profit of commercial banks in many cities in the Yangtze River Delta has increased by double digits, interest spreads have narrowed, and the plight of handling fee revenue has not change
① The revenue growth rate of some banks slowed in the first quarter due to factors such as the decline in net interest income and continued bank concessions to the real economy. ② In the first quarter, there was also an obvious downward trend in bank intermediary revenue
Chongqing Agricultural Commercial Bank (601077) 2024 Quarterly Report Review: Cost to Income Ratio Decreased by 6.7PCT Asset Quality Stable
Incident: On April 26, the Chongqing Agricultural Commercial Bank released its 2024 quarterly report. 24Q1 achieved cumulative revenue of 7.1 billion yuan, YoY -2.9%; net profit to mother of 3.5 billion yuan, YoY -10.8%; non-performing ratio 1.1
Minsheng Securities released a research report on April 27 stating that it gave the Chongqing Agricultural Commercial Bank (601077.SH) a recommended rating. The main reasons for the rating include: 1) with significant savings in business management fees,
Minsheng Securities released a research report on April 27 stating that it gave the Chongqing Agricultural Commercial Bank (601077.SH) a recommended rating. The main reasons for the rating include: 1) with significant savings in business management fees, profit before provision was +5.5%; 2) loan growth rate declined, net interest spread resilience was good; 3) the non-performing rate remained stable, and provision coverage increased slightly. (Mainichi Keizai Shimbun)
Chongqing Agricultural Commercial Bank (601077): Asset quality still tends to improve, dividend rates are high
The 1Q24 results were slightly lower than our expectations for the 1Q24 results announced by the Chongqing Agricultural Commercial Bank: revenue decreased 2.9% year over year, profit before provision increased 5.5% year on year, and net profit to mother decreased 10.8% year on year. We think the company's profit before provision
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