According to a report published by J.P. Morgan Chase, the bank's revenue and pre-provision profit (pPOP) for the first quarter of this year are expected to be pressured, falling by an average of 4% and 6%, respectively, on an annual basis. Among them, the profit growth of the four major state-owned enterprise banks may remain flat to record a lower increase in the number of units, while the profit of the Joint Stock Bank (JSB) may shrink. However, the bank expects net profit for the first quarter of China CITIC Bank and Ping An Bank to increase by 3% and 2% respectively, while CMB's net profit for the first quarter is expected to remain flat year-on-year.

The bank believes that among the big four banks, the Bank of China may record a more ideal revenue figure, while the Agricultural Bank may have better profit growth. The bank gave CCB an “increase in holdings” rating. The target price for H shares was raised from HK$6 to HK$6.1, the Postbank rating was “neutral”, and the target price for H shares was lowered from HK$4.4 to HK$4.3.