单日狂揽超6.7亿元，这一板块突然大涨！

Core Viewpoint - The recent performance of the banking sector is supported by improved earnings and significant capital inflows, driven by favorable policies and a shift in investment logic towards high-dividend assets [5][6][9]. Group 1: Banking Sector Performance - As of November 4, the A-share banking stocks showed a collective increase, with 41 out of 42 banks rising, and Xiamen Bank seeing a nearly 6% increase [5]. - The banking ETF (512800) experienced a net inflow of 678 million yuan, reversing a trend of six consecutive days of outflows [5]. - The banking sector's recovery is attributed to improved third-quarter earnings, with listed banks' revenue and net profit growing by 0.9% and 1.5% year-on-year, respectively [6]. Group 2: Earnings Improvement - The net interest margin for listed banks was 1.41%, remaining stable compared to the first half of the year, with the decline in net interest income narrowing to 0.6% year-on-year [6]. - A favorable policy environment is expected to support a rebound in bank performance, with stable monetary policy and active fiscal measures enhancing economic vitality [6][7]. Group 3: Policy Support - The People's Bank of China reported a 6.6% year-on-year increase in loans and a stable social financing growth rate of 8.7%, indicating a solid banking environment [7]. - The "Suggestions" from the Central Committee emphasize accelerating the construction of a financial powerhouse, providing a long-term policy anchor for the banking sector [8]. Group 4: Investment Logic Shift - The investment logic for banking stocks has shifted from "pro-cyclical" to "weak-cyclical," making high-dividend banking stocks more attractive during economic slowdowns [9]. - Long-term funds, including insurance and asset management companies, are increasingly allocating to high-dividend assets, indicating a strong demand for stable banking stocks [10]. Group 5: Historical Performance Insights - Historical data shows that the banking sector has a 70% probability of generating absolute returns in the last two months of the year, with an 80% success rate in January of the following year [11].