Amazing reversal! The reason for the big plunge in bank stocks was found

category:Finance
 Amazing reversal! The reason for the big plunge in bank stocks was found


In the afternoon, Bank of Xiamen and Bank of Qingdao successively opened their trading limit boards. As of the end of the day, China CITIC Bank fell more than 4%, China Merchants Bank fell 3.6%, ICBC fell 1.3%; bank ETF (512800) fell 1.26%, the daily amplitude reached 4.94%, and the transaction volume reached 1.119 billion yuan, a new high in nearly three months.

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On the whole, however, the gains in November were still encouraging.

Plate to meet valuation repair market

Wang Yifeng, an analyst at Everbright Securities, believes that the pro cyclical logic has been widely recognized. Banks are the largest Pro cyclical plate, with demand for supplementary inflation but no pressure to cash in. Similar to previous years, financial stocks are likely to outperform the index at the end of the year.

The Bank of China Research Institute recently released the 2021 economic and financial outlook report. It is estimated that the growth rate of Chinas banking assets and liabilities will be 10% - 11% over the same period of last year, and the growth rate will be slower than that in 2020. Next year, Chinas banking net profit will hit the bottom and rebound. The year-on-year growth rate is expected to change from negative to positive, achieving a growth rate of 2% - 3%. More optimistic view that the bank stock market is expected to cross the year. Bank fundamentals have entered a new stage in which the pressure of profit growth is alleviated, the interest margin is gradually stabilized, the asset growth rate remains high, and the credit cost is expected to decline. And the recent internal round of the banking sector, reflecting the market confidence in bank stocks gradually repair, the banking sector is expected to usher in a cross-year market. CITIC Securities believes that the end of the year institutional position adjustment will promote the pro cyclical plate market to continue to the first quarter of next year, and suggests that we should focus on the bank stocks jointly catalyzed by economy, policy and profit. Source: China Securities Journal Author: Zhang Yujie, editor in charge: Zhong Qiming_ NF5619

The Bank of China Research Institute recently released the 2021 economic and financial outlook report. It is estimated that the growth rate of Chinas banking assets and liabilities will be 10% - 11% over the same period of last year, and the growth rate will be slower than that in 2020. Next year, Chinas banking net profit will hit the bottom and rebound. The year-on-year growth rate is expected to change from negative to positive, achieving a growth rate of 2% - 3%.

More optimistic view that the bank stock market is expected to cross the year. Bank fundamentals have entered a new stage in which the pressure of profit growth is alleviated, the interest margin is gradually stabilized, the asset growth rate remains high, and the credit cost is expected to decline. And the recent internal round of the banking sector, reflecting the market confidence in bank stocks gradually repair, the banking sector is expected to usher in a cross-year market.

CITIC Securities believes that the end of the year institutional position adjustment will promote the pro cyclical plate market to continue to the first quarter of next year, and suggests that we should focus on the bank stocks jointly catalyzed by economy, policy and profit.