银行ETF南方(512700.SH)涨0.75%，兴业银行涨1.28%

Group 1 - The core viewpoint of the articles indicates that the banking sector is expected to experience a systematic valuation recovery by 2026, shifting the investment logic from pure dividend defense to a dual drive of "dividend + growth" [1] - The banking stocks are characterized by high dividends and low valuations, which continue to attract stable funds in the context of declining risk-free interest rates [1] - Factors such as stabilized interest margins, a rebound in regional credit demand, and growth in non-interest income are anticipated to drive the performance elasticity of quality banks, leading to a potential shift in valuation logic from Price-to-Book (PB) to Price-to-Earnings (PE) [1] Group 2 - The Southern Bank ETF (512700.SH) is highlighted as an effective tool for capturing opportunities in the banking sector, benefiting from the dividends of state-owned banks, the growth elasticity of quality joint-stock banks, and regional policy dividends [1] - The article notes that as of 14:44, the Southern Bank ETF rose by 0.75%, and Industrial Bank increased by 1.28% [1]