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<Research>Citi: 2Q Earnings Pressure on CN Banks Eases; ABC, BANKCOMM May Outstrip Peers
Recommend 36 Positive 77 Negative 27 |
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The pressure on the 2Q25 earnings of Chinese banks relieved compared to the 1Q25, although profitability remained feeble, with some banks possibly faring better than expected, Citi said in its research report. Citi expected that the YoY decline in revenue for the Chinese banks it covered will narrow to 0.1% in 1H25, compared to a 1.3% decline in 1Q25, mainly due to a smaller compression in NIM and eased pressure on trading gain. Among the large SOE banks, Citi projected that ABC (01288.HK) and BANKCOMM (03328.HK) can continue to maintain their industry-leading profit growth. It expected that the results of ICBC (01398.HK), PU DEV BANK (600000.SH) and BANK OF BJ (601169.SH) may beat, while CM BANK (03968.HK) may miss. AASTOCKS Financial News Website: www.aastocks.com |
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