An increasing number of Wall Street analysts have noted that since the outbreak of hostilities involving Iran, banking stocks in China's equity market have outperformed the broader market. Attractive dividend yields and improving profit prospects are expected to further support the sector. Analysts from Citigroup indicated that first-quarter earnings for banks are likely to exceed expectations. They pointed out that bank management has signaled more optimistic revenue growth prospects, as pressure on interest margins eases and fee-based income shows strong growth. Since the onset of the Middle East conflict, the CSI 300 Banks Index has risen by 2.7%, while the CSI 300 Index has fallen by 5.7% over the same period. Wang Yifeng, Chief Financial Industry Analyst at Everbright Securities, stated, "We may see profitability stabilize across the banking sector, with some banks potentially experiencing a rebound in margins in the first quarter. This will continue to attract investors." China's major banks are scheduled to release their first-quarter results by the end of April. In the current uncertain market environment, stable and attractive dividend payments may also draw investors seeking defensive investment options. Data compiled by Bloomberg shows that the expected dividend yield for major Chinese bank stocks over the next 12 months is approximately 5%, compared to about 2.8% for the CSI 300 Index and around 1.8% for the 10-year government bond yield. Fu Zhifeng, Chief Investment Officer at Shanghai Chengzhou Investment Management, commented, "Given the relatively stable profit outlook for China's banking sector, greater policy flexibility in mitigating macroeconomic shocks, and the systemic importance of state-owned banks, banking stocks are expected to demonstrate more resilient price movements than other industries amid ongoing geopolitical uncertainties."