Zhongtai Securities released a research report on April 24 stating that Ping An Bank (000001.SZ) was given an increase in holdings rating. The main reasons for the rating include: 1) Ping An Bank's 1Q24 revenue -14.0% year-on-year, mainly a drag on interest income; 2) net profit remained stable, +2.3% year-on-year; 3) net interest income for the single quarter was -5.6% month-on-month, and the annualized net interest spread for the single quarter decreased by 10bp to 2.01% month-on-month. Asset-side returns declined 9 bps month-on-month, and debt-side costs rose 2 bps month-on-month; 4) Asset and liability growth rate and structure: restructuring continued, and new loans were mainly supported by the public; 5) Net non-interest income: fees continued to be pressured, and low interest rates drove significant other non-interest growth; 6) Asset quality: The share of non-performing rates and concerns increased, and overdue was stable. (Mainichi Keizai Shimbun)
中泰证券4月24日发布研报称，给予平安银行（000001.SZ）增持评级。评级理由主要包括：1）平安银行1Q24营收同比-14.0%，主要是利息收入拖累；2）净利润保持稳定、同比+2.3%；3）单季净利息收入环比-5.6%，单季年化净息差环比下降10bp至2.01%。资产端收益率环比下行9bp，负债端成本环比上行2bp；4）资产负债增速及结构：调结构延续，新增贷款主要由对公支撑；5）净非息收入：手续费继续承压，低利率驱动其他非息增长明显；6）资产质量：不良率和关注类占比有所抬升、逾期平稳。（每日经济新闻）
Zhongtai Securities released a research report on April 24 stating that Ping An Bank (000001.SZ) was given an increase in holdings rating. The main reasons for the rating include: 1) Ping An Bank's 1Q24 revenue -14.0% year-on-year, mainly a drag on intere
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