Industrial Bank, China Merchants Bank, and Ping An Bank s stock prices have hit a new low, can they

Mondo Finance Updated on 2024-01-29

The first echelon of investors who like bank stocks is the Agricultural Bank of China, the Industrial and Commercial Bank of China, the China Construction Bank, the Bank of China and the Bank of Communications. But this year, these bank stocks have risen higher than other bank stocks, and now the retracement is not very much, and many investors are still waiting for them to enter the market after going deeper.

The Agricultural Bank of China only retraced 318%, which is the smallest decline among the six major banks;ICBC retraced 696%, CCB retraced 7 after this year's high41%, Bank of China retraced 1101%, Bank of Communications retraced 5 after the year's high56%, the Postal Savings Bank retraced 24 after the year's high96%, it is the largest decline among the six major banks.

There are 9** joint-stock commercial banks in the second echelon, which are: China Merchants Bank, Industrial Bank, Ping An Bank, China CITIC Bank, China Everbright Bank, Minsheng Bank, Huaxia Bank, Shanghai Pudong Development Bank and Zheshang Bank. Among them, Industrial Bank, China Merchants Bank, and Ping An Bank are the three bank stocks that have fallen the most, and the stock prices have hit new lows.

Among the 9 joint-stock banks, these 3 bank stocks are still relatively high, even though they have fallen a lot now, and some have even fallen back to six years agoThey used to be one of the most heavily held bank stocks, with 59 existing shareholders of China Merchants Bank330,000, 875 institutions, two years and six months, a decline of 4806%, which used to be the first group stock, a foreign heavy stock.

IB has 30 existing shareholders880,000, 487 institutions, has lasted for ** two years and ten months, and the stock price has hit a three-year low;Ping An Bank has 53 shareholders020,000, 523 institutions, has been ** two years and eight months, the stock price hit a 6-year low, Ping An Bank is the least dividend among the 9 joint-stock banks, the dividend yield in recent years is about 2%, and the deposit interest rate has not outperformed.

From the top down, they have indeed fallen a lot, and bank stocks have generally fallen back recently, they have fallen more actively, now is not the best time to open a position or make up for it, it varies from person to person, so whether to act depends on your analysis of the bank stocks;Many investors in joint-stock banks are more interested in Everbright and SPD, perhaps because of their low share prices and high dividend yields.

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