Core Viewpoint - The decline in dividend yields of bank stocks raises questions about their continued attractiveness for investors, despite rising stock prices [1][2]. Group 1: Dividend Yields - Many investors are attracted to bank stocks due to their high dividend yields, which have significantly decreased this year [1]. - As of August 12, among 42 bank stocks in A-shares, only Huaxia Bank has a dividend yield above 5% at 5.04%, while others are below 5% [1]. - Major state-owned banks like Bank of Communications, China Construction Bank, and Industrial and Commercial Bank of China have dividend yields below 4.2%, with Agricultural Bank of China at 3.53% [1]. Group 2: Valuation and Investment Outlook - Despite the rise in bank stock prices, they are still considered undervalued, with the Shenwan Bank Index's price-to-book ratio at 0.62, suggesting potential for valuation recovery to 1 [2]. - Analysts believe that the bank sector still has significant room for capital allocation and that absolute return trends will continue [2]. - Investment in bank stocks is viewed as stable, with recommendations for investors to diversify into higher-growth sectors to enhance portfolio aggressiveness [2].
银行股还可以买吗
Shen Zhen Shang Bao·2025-08-12 17:16