建设银行:ROE稳居大行第一 夯实资本为做大做强更进一步

申万宏源研究
06 May

大行ROE 佼佼者,定增摊薄影响也最为有限,防御思维下高股息优势尤为突出。依托相对平稳的业绩表现(2019-2024 年业绩增速中枢4.7%,高于四大行平均0.2pct),建行ROE 始终领先同业,2019-2024年均ROE 约12.1%,高于四大行平均0.7pct;尽管过去5 年在行业整体经营承压的背景下建行盈利能力也趋同回落,但2024 年ROE 依旧高达10.7%,位居国有行第一。虽然一...

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