CITIC Securities: Expects the banking sector to continue its relative return attributes in April.

The research report of CITIC Securities stated that, benefiting from the marginal convergence of interest rate spreads and the repair of middle-income driven by wealth management, it is expected that the revenue and net profit attributable to A-share listed banks in the first quarter of 2026 will increase by +3.1% and +2.5% respectively, compared with the previous year's full-year performance growth rate. Performance catalysts combined with market style rebalancing are expected to continue to show relative return characteristics for the banking sector in April; in addition, benefiting from undervaluation and stable equity characteristics, there is significant absolute return potential for the whole year.