Bank stocks in the year of the tiger welcomed the “good start” and the index was red for two consecutive days. In terms of constituent stocks, Bank of Lanzhou rose the limit today, Xiamen Bank Co.Ltd(601187) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) , Qilu Bank Co.Ltd(601665) , China Construction Bank Corporation(601939) and so on. The {6014.6 billion} and {6014.6 billion} shares were the main banks in Lanzhou, with a net inflow of {6014.6 billion} and {6016.6 billion} shares, both of which were favored by {6014.6 billion} banks.
At present, 19 banks have disclosed their annual report performance in 2021, all of which recorded positive growth, of which 20 banks’ net profit increased by more than 20% year-on-year. Galaxy Securities Research Report said that it continued to pay attention to the promotion of wide credit on the improvement of the bank’s business environment, steady growth of performance and optimization of asset quality, was optimistic about the opportunity to repair the low valuation of bank stocks in the first quarter, and maintained the “recommended” rating.
Huajin securities also said that the asset quality of the banking industry has remained good after years of performance accumulation and large write offs of provisions. At the same time, the risk of the real estate industry has been mitigated, and the market concerns are gradually fading; It is believed that banks with high fundamentals have strong interest margin toughness, excellent asset quality, good development of wealth management and other businesses, and their performance is expected to be better than that of their peers.
