华西证券08月21日发布研报称,给予招商银行(600036.SH,最新价:33.85元)买入评级。评级理由主要包括:1)财富管理收入承压,但多元布局贡献中收微幅正增;非信贷类减值少提反哺利润增速上行;2)二季度零售贷款投放边际改善,表内外地产风险敞口整体下降;3)存款快增负债结构更优,但存贷款定价压力下息差环比回落;4)积极出清存量风险,Q2不良生成情况边际改善。风险提示:1、整体经济未来修复不及...
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