CITIC Securities: Expect the banking sector to continue its relative performance in April

MetaMuskRat · 2026-04-07T00:21:48+00:00

People's Financial News, April 7 — CITIC Securities research report states that benefiting from the marginal convergence of interest rate spreads and the recovery of fee income driven by wealth management, it is expected that in Q1 2026, the revenue and net profit attributable to parent for A-share listed banks will grow by +3.1% and +2.5%, respectively, surpassing the full-year performance growth in 2025 (estimated at +1.5% and +1.8%). The performance catalysts combined with market style rebalancing are expected to continue the relative gains of the banking sector in April; additionally, benefiting from low valuation and stable equity characteristics, the absolute return potential for the full year is significant.

MetaMuskRat

2026-04-07 00:21:48

People’s Finance News, April 7—In a research report, CITIC Securities said that benefiting from the marginal narrowing in the decline of net interest margins and the recovery in fee income driven by wealth management, it expects that in the first quarter of 2026, the revenue and attributable net profit growth rates of A-share listed banks will be +3.1% and +2.5%, respectively, which would be an additional step up compared with the full-year 2025 performance growth rates (estimated at +1.5% and +1.8%). With earnings catalysts combined with a rebalancing of market style, it expects the banking sector to continue to exhibit relatively stronger returns in April. In addition, benefiting from low valuations and the characteristics of steady equities, the full-year absolute-return upside is expected to be significantly larger.

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