中信建投:目前银行板块以对冲市场为主,建议选择兼顾基本面优异且保持行业领先、股息率扎实的标的

智通财经
Sep 03
【中信建投:目前银行板块以对冲市场为主,建议选择兼顾基本面优异且保持行业领先、股息率扎实的标的】中信建投研报指出,1H26上市银行营收大个位数增长,利润稳定小个位数释放,趋势向好。信贷大个位数增长,资产端降幅趋缓+负债成本优化下,净息差边际企稳,净利息收入提速。中收稳定小个位数增长,上市银行核心营收能力趋势向好。其他非息存在一定分化,主因兑现浮盈选择不同。资产质量表观稳定,地产风险加速出清,零售风险仍在自然暴露。部分银行选择在政策尚未退坡、财务资源相对充裕的窗口期加速出清地产风险,有利于未来的业绩弹性。部分银行中期分红方案落地,国有大行分红率统一提升1pct,红利属性进一步提高。展望全年,上市银行营收、利润有望延续向好趋势,基本面企稳。目前银行板块以对冲市场为主,建议选择兼顾基本面优异且保持行业领先、股息率扎实的标的。

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