国信证券：银行中期分红抢筹行情仍未结束 关注板块配置机会

Core Viewpoint - The mid-term dividend progress of the four major banks is ahead of last year, with the record date in mid-December, indicating an earlier start to the dividend-driven rally compared to last year's early January record date [1][4] Group 1: Market Trends - The mid-term dividend-driven rally in the banking sector is nearing its end but is expected to continue until the end of November [1][2] - The banking index has been on an upward trend since mid-October, despite a 15% correction over the previous 60 trading days [1] Group 2: Investment Opportunities - Even after the mid-term rally, the banking sector is likely to present good investment opportunities, suggesting investors should overlook short-term volatility [3] - The demand for insurance funds and the need for balanced asset allocation are expected to support the banking sector, especially in a low-interest-rate environment [3] Group 3: Individual Stock Recommendations - Focus on high-dividend and fundamentally strong stocks in the short term, with recommendations for stable stocks like Industrial and Commercial Bank of China (601398.SH) and China Merchants Bank (600036.SH) [5] - Other recommended stocks include Ningbo Bank (002142.SZ) and Chongqing Bank (601963.SH) for their upward fundamental trends, as well as low-valuation stocks like Changsha Bank (601577.SH) and Chongqing Rural Commercial Bank (601077.SH) [5]