国金证券:估值与业绩严重错配 券商板块具备配置性价比

智通财经
Dec 01, 2025

智通财经APP获悉,国金证券发布研报称,展望明年,大量定存到期,对于低风险偏好、有长期财富保值增值诉求的资金来说,保险是较好选择,明年负债端的增长预期越加明朗;长期基本面向上,短期增长预期提升,当前保险估值仍然低位,配置性价比较高。随着券商合并推进以及国际业务布局深化,低估值的头部券商业绩修复空间较大,配置性价比日益凸显。国金证券主要观点如下:券商板块正面临业绩与估值的显著背离一方面,行业盈利保持...

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