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

K-LinePoet · 2026-04-07T02:17:08+00:00

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

K-LinePoet

2026-04-07 02:17:08

CITIC Securities’ research report says it is benefiting from the marginal narrowing of the decline in net interest margins and the recovery in non-interest income driven by wealth management. It expects that in the first quarter of 2026, the year-on-year growth rates of revenue and attributable net profit for A-share listed banks will be +3.1% and +2.5%, respectively—an improvement over the full-year 2025 performance growth rates (expected to be +1.5% and +1.8%). With earnings catalysts stacking on top of another rebalancing of market style, it expects the bank sector in April to continue to exhibit a relatively return-seeking characteristic. In addition, benefiting from low valuation and steady equity characteristics, the full-year absolute return upside is significant. (People’s Finance & Information)

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