银行ETF指数(512730)涨近1%，机构看好银行估值回归

Group 1 - The banking sector experienced a decline of approximately 2%, attributed to three main factors: the expiration of Pudong Development Bank's convertible bonds leading to concentrated selling, Chengdu Bank's third-quarter report falling short of expectations raising concerns about the performance of city commercial banks, and a market breakout above 4000 points prompting funds to seek more elastic investments, resulting in widespread declines among individual stocks [1] - From a long-term value investment perspective, the banking sector shows signs of profit recovery and asset quality improvement, with the industry’s performance growth turning positive in the third quarter as a clear signal [1] - The current price-to-book (PB) ratio of the banking sector is below 0.7, with many banks offering dividend yields above 4.5%, indicating a potential opportunity for enhancing the intrinsic value of investment portfolios [1] Group 2 - As of September 30, 2025, the top ten weighted stocks in the CSI Bank Index accounted for 64.6% of the index, including major banks such as China Merchants Bank, Industrial Bank, and Agricultural Bank of China [2] - The CSI Bank Index closely tracks the performance of the banking sector, providing investors with analytical tools to assess the overall performance of different industry companies [2]