中信证券：银行板块相对价值显著，建议积极增配

Core Viewpoint - CITIC Securities believes that the banking sector shows significant relative value and recommends active allocation [1] Financial Performance - The financial indicators and asset quality of the six banks that have disclosed their operating conditions in the first quarter are overall stable [1] - The banking sector performed optimistically last week, driven by increased market volatility, benefiting from its stable returns and index weight advantages [1] Market Outlook - In the short term, the Sino-U.S. trade friction continues to impact market expectations, making low-volatility sectors valuable for allocation [1] - In the medium term, under the two macro assumptions of "prudent" and "weakening," the banking sector exhibits relatively stable fundamentals compared to most industries, highlighting its significant relative value [1]