银行全线上行，工农建交涨超2%，规模最大银行ETF（512800）放量收复3条均线，趋势反转？

Core Viewpoint - The banking sector in A-shares has shown a collective rebound, with significant gains in multiple bank stocks, indicating a positive market trend and potential for further growth in the sector [1][7]. Group 1: Market Performance - On December 18, 36 out of 42 bank stocks in A-shares rose by over 1%, with Shanghai Bank and Chongqing Rural Commercial Bank increasing by more than 3% [1]. - The largest bank ETF (512800) saw a price increase of 1.85%, recovering key moving averages, and recorded a trading volume exceeding 1.1 billion yuan, indicating a strong market interest [1][7]. - The banking sector's PB valuation has improved from a low of 0.5 times in 2022 to 0.7 times, while the PE ratio remains at a relatively low 40th percentile over the past decade [3][9]. Group 2: Future Outlook - Many institutions are optimistic about the banking sector's performance in 2026, anticipating a positive macroeconomic policy environment that will drive high-quality development and performance recovery [4][10]. - Strategic capital from insurance funds, asset management companies, and industrial capital is expected to continue increasing, supporting the long-term value reassessment of bank stocks [4][10]. - Estimates suggest that the valuation center for the banking sector could rise by 15%-20% by 2026, with a recommendation to seize the investment window at the end of the year [4][10]. Group 3: Investment Tools - The bank ETF (512800) and its linked funds are efficient investment tools that track the overall performance of the banking sector, with a current scale exceeding 13.6 billion yuan and an average daily trading volume of over 800 million yuan [5][11].