（以下内容从开源证券《非银金融行业2026年度投资策略：景气向好，攻守兼备》研报附件原文摘录）券商：景气度有望延续，估值仍在低位，看好板块战略性增配机会（1）2025前3季度39家纯上市券商归母净利润同比+64%，扣非业绩同比+71%，单Q3归母净利润同比+117%，环比+33%，投资收益驱动业绩超预期。经纪、投行和资管三项手续净收入同比增速均走扩。在3季度债市显著承压下，券商FICC业务彰显韧性...
Source Link（以下内容从开源证券《非银金融行业2026年度投资策略：景气向好，攻守兼备》研报附件原文摘录）券商：景气度有望延续，估值仍在低位，看好板块战略性增配机会（1）2025前3季度39家纯上市券商归母净利润同比+64%，扣非业绩同比+71%，单Q3归母净利润同比+117%，环比+33%，投资收益驱动业绩超预期。经纪、投行和资管三项手续净收入同比增速均走扩。在3季度债市显著承压下，券商FICC业务彰显韧性...
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