According to the CITIC Securities Research Report, from a fundamental perspective, bank interest spreads are expected to perform well in the second quarter, and the capital market and wealth business will drive medium income growth. Against this background, bank revenue growth will maintain a steady and good trend, and profit growth may rise slightly. From an investment perspective, the banking sector continued the positive trend since July last week, but the index fluctuated greatly during the week due to market style. We expect that the volatility of A-shares will remain high in the next two weeks, and the relative earnings of the banking sector may weaken; however, long-term logics such as stable business patterns and macroeconomic narratives will continue to be interpreted, and the absolute profit margin will continue throughout the year.

According to the CITIC Securities Research Report, from a fundamental perspective, bank interest spreads are expected to perform well in the second quarter, and the capital market and wealth business will drive medium income growth. Against this background, bank revenue growth will maintain a steady and good trend, and profit growth may rise slightly. From an investment perspective, the banking sector continued the positive trend since July last week, but the index fluctuated greatly during the week due to market style. We expect that the volatility of A-shares will remain high in the next two weeks, and the relative earnings of the banking sector may weaken; however, long-term logics such as stable business patterns and macroeconomic narratives will continue to be interpreted, and the absolute profit margin will continue throughout the year.