The Changjiang Securities Research Report pointed out that since March, short-term factors such as market style have caused bank stock adjustments. However, in the medium term, the logic of revaluing dividends has not changed. Since 2023, each round of adjustments for high-dividend bank stocks has been limited. At present, I am optimistic about the revaluation of the three types of dividend-type bank stocks: the first category is dividend-stable bank stocks, including major state-owned banks and China Merchants Bank; the second category is dividend-growth bank stocks, including banks with high growth rate+high dividend small to medium banks; and the third category is bank stocks with improved dividends, including banks with improved asset quality.