从“吃息差”到“赚中收” ！银行业2026年盈利格局重塑可期，关注银行板块配置机会！

Core Insights - Several banks are focusing on promoting growth in intermediary business income (中收) as part of their 2026 work meetings, emphasizing the importance of non-interest income sources [1] Group 1: Industry Focus - Intermediary business income, defined as income generated from services rather than interest rate spreads, is becoming a key focus for banks [1] - Banks like Industrial Bank and China Everbright Bank are prioritizing wealth management, transaction banking, investment banking, and custody services to enhance their intermediary income contributions [1] Group 2: Financial Performance - In the context of narrowing net interest margins, banks are shifting towards optimizing their income structure and increasing the proportion of light capital businesses [1] - Wealth management is identified as a crucial driver for intermediary income growth, which is essential for addressing interest margin pressures and achieving high-quality development [1] Group 3: Market Indicators - As of February 27, 2026, the CSI Bank Index (399986) increased by 0.18%, with the corresponding bank ETF, Huaxia (515020), also rising by 0.18%, closing at 1.64 yuan [1]