The Zhitong Finance App learned that domestic bank stocks have collectively risen, and ICBC, CCB, and Agricultural Bank have reached new record highs. As of press release, Bank of Qingdao (03866) rose 5.43% to HK$5.045; CCB (00939) rose 2.72% to HK$10.19; Bank of Communications (03328) rose 2.69% to HK$8.59; and ICBC (01398) rose 2.50% to HK$7.795.
According to the news, recently, the disclosure of the three quarterly reports of listed banks began. Ping An Bank took the lead in handing over report cards. It achieved operating income of 103.1 billion yuan in the first three quarters, up 2.4% year on year; achieved net profit of 39.186 billion yuan, up 2.2% year on year; Bank of Qingdao released three quarterly reports on October 28, achieving operating income of 12.665 billion yuan, up 15.00% year on year; net profit to mother of 4.617 billion yuan, up 15.67% year on year, maintaining double digit growth for 15 consecutive reporting periods.
It is worth mentioning that the mid-term dividends of listed banks have continued to be implemented. Currently, 21 A-share listed banks have disclosed their 2026 mid-term dividend plans, with a total of over 260 billion yuan in dividends. The dividend ratio of the six major banks has increased from 30% to 31%. Guojin Securities said that the bank's valuation anchor is shifting from a one-sided decline in interest spreads to sustainable dividend returns. The current dividend rate of the China Securities Bank Index is close to 4.6%, which is more than 3 percentage points with the 1.63% yield on 10-year treasury bonds.