核心观点1)本周非银板块整体表现较强。券商方面,本周沪深交易所推出2026 年降费措施,市场交投环比有所提升并维持历史高位,预计2025 年业绩维持高增趋势,建议关注板块后续配置价值;保险方面,中长期来看三季报以来印证了存款搬家、增配权益和新单成本改善逻辑,中长期ROE改善确定性进一步提升,估值有望加速修复,结合中长期拐点向上的判断,我们认为整体配置性价比正逐步提高,板块重估进行时;2)从盈利和...
Source Link核心观点1)本周非银板块整体表现较强。券商方面,本周沪深交易所推出2026 年降费措施,市场交投环比有所提升并维持历史高位,预计2025 年业绩维持高增趋势,建议关注板块后续配置价值;保险方面,中长期来看三季报以来印证了存款搬家、增配权益和新单成本改善逻辑,中长期ROE改善确定性进一步提升,估值有望加速修复,结合中长期拐点向上的判断,我们认为整体配置性价比正逐步提高,板块重估进行时;2)从盈利和...
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