银行业2025年中报业绩前瞻:上市银行中报利润边际改善的三大支撑

申万宏源研究
20 Jul

本期投资提示:得益于利息净收入边际改善以及同期非息基数压力的消化,我们预计中报上市银行营收、利润同比增速降幅收窄,单季营收利润增速有望回正:根据我们对重点上市银行的预测,预计1H25 上市银行营收同比下滑0.6%(其中2Q25 增长0.6%;1Q25 为下滑1.7%) ,归母净利润同比下滑0.3%(其中2Q25 增长0.8%;1Q25 为下滑1.2%)。从不同类型银行来看,国有大行、股份行利润边际...

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