Huatai Securities: Seize the high cost-effective buying points of high-quality bank stocks.

Huatai Securities research report stated that since December 2025, the banking index has declined by 8.4 percentage points under the influence of real estate risk concerns and market style changes, but the trend of core industry revenue remains positive. Eight banks have already released their 2025 performance reports, with six showing an increase in revenue and five showing improved profits. Huatai Securities predicts that in 2026, with stable interest spreads and contributions from wealth management, banks are expected to continue to perform well. Despite recent large sell-offs of weighted stocks and ETF outflows impacting the capital market, the increase in insurance funds compared to the same period last year is high, and it is expected that there will still be demand for high-dividend, low-volatility quality bank stocks due to future new premium additions. Currently, some companies have a forecasted dividend yield for 2025 of nearly 6%, making it a high-value buying opportunity. Individual stock suggestions include focusing on high-quality banks with good fundamentals and profit elasticity, as well as on banks with excellent dividend value ratios.