进入9月，银行持续走强，
月内已有8只银行股创历史新高，银行ETF华宝（512800）标的指数创年内新高。
【四重共振，银行迎来强驱动】
1、基本面修复：行业净息差迎四年首次回升。
2、高股息重估：国有大行分红比例统一上调至31%。
3、政策催化：金融强国建设“十五五”规划发布，叠加房地产政策新规出台。
4、风格切换：资金避险，从高位成长向低估值红利切换。
【基金经理火线解读】
银行ETF华宝（512800）基金经理丰晨成指出，银行股在中报披露前后启动新一轮涨势，中报显示息差企稳、营收上行、资产质量稳定，长周期看银行股处于业绩复苏期。近期风格再平衡和机构持仓再平衡中，加速定价修复估值。
丰晨成提示，在国内长债利率延续走低，长期负债资金面临资产荒的背景下，银行股息率、中期业绩增速、估值绝对值提供了配置型资金参与的有力理由，重视银行板块的低配、长期配置所驱动的行情。
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