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研報掘金丨銀河證券:維持工商銀行“推薦”評級,盈利重回正增長
格隆匯 11-04 14:36

銀河證券研報指出,工商銀行(601398.SH)第三季度營收、歸母淨利潤分別同比增長1.05%、3.82%,環比上季度均重回正增長。公司其他非息收入高增,形成營收主要支撐;資產質量優化,減值損失計提壓力較小,撥備回沖貢獻利潤增長。截至9月末,公司各項存款較上年末增長3.2%,預計上半年叫停“手工補息”影響逐漸減弱。公司為國有大行之一,規模與市場份額領先同業,業務結構多元,綜合經營韌性較強。做專主責主業,信貸投放穩步擴張,結構轉型升級,“GBC+”改革推進,高質量發展能力增強。資產質量穩健,風險抵禦能力提高,資本充足水平有望進一步提升。股息率穩定較高,股東回報長期可持續。結合公司基本面和股價彈性,維持“推薦”評級,

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