银行AH优选ETF（517900）午后涨1.2%，机构：银行PB与ROE不匹配

Group 1 - The core viewpoint of the news is that bank stocks are experiencing a rebound, with several banks showing significant gains as mid-term dividend announcements peak, indicating a positive sentiment in the banking sector [1] - As of December 17, 2025, 26 A-share listed banks have disclosed mid-term or quarterly dividend plans, with a total proposed payout exceeding 264.6 billion yuan [1] - The price-to-book (PB) ratio of the banking sector has increased from 0.56 at the beginning of the year to 0.68 by December 17, 2025, reflecting a revaluation driven by dividend themes [1] Group 2 - Insurance funds have significantly increased their investments in bank stocks during the third quarter, indicating a sustained preference for bank equities among institutional investors [2] - The bank AH index has outperformed the A-share bank index, with a cumulative increase of 96.08% since early 2019 compared to 87.79% for the China Securities Bank index [2] - The current valuation and dividend yield of bank stocks are attractive for long-term investors, suggesting a favorable cost-benefit ratio for investing in this sector [2]