UB-CCB @EP2612A

BOC International Raises Target Price for ICBC to HKD 11.3

JPMorgan Reports: CCB's Q1 2026 Earnings Exceed Expectations

Goldman Sachs Maintains Buy Rating on CCB with Target Price of HKD 9.96

Citi Report Suggests Construction Bank's Q1 PPOP Growth of 13%

China Construction Bank's Q1 2026 Revenue and Non-interest Income Growth Leads Among Big Six Banks

CDB's Liquidity Coverage Ratio Rises to 138.12% in Q1 2026

Construction Bank's Q1 Net Profit Up 3.53% YoY

CCB released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue HKD 164.11 B (forecast HKD 229.17 B), actual EPS HKD 0.3741

CDB Releases 2025 Annual Report: Robust Profit Growth

CCB to Release FY2026 Q1 Earnings on April 29 Pre-Market BJT, Forecast Revenue HKD 232.17 B

A 股 Bank Stocks Surge, Several Banks Hit New Highs

Shanghai Guotou Company Hosts 2026 Angel Investment Conference to Promote Early Stage Capital Investment

Citibank: CCB's Q1 Earnings May Exceed Expectations

Goldman Sachs Maintains Buy Rating on CCB with Price Target

China Construction Bank and China Huadian Sign Strategic Cooperation Agreement

China Construction Bank Discloses Jianxin Consumer Finance's 2025 Annual Report: Net Profit Surges 170% Year-on-Year

BOC International raises target price for Construction Bank to HKD 11.28 and maintains 'Buy' rating

China Construction Bank Boosts Revenue Growth Through Non-Interest Income

CCB Announces FY22 Results, BofA Securities Upgrades Rating

CITIC Bank Reports QTR Earnings Per Share Above Estimates

SOMERLEY CAP

TIANLI HOLDINGS

CPM GROUP

FUTONG TECH

NICHE-TECH SEMI

SINO ICT

COSMOS MACH

UBOT HOLDING

SAMPLE TECH

PERENNIAL INT'L

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BOCI has slightly raised the target price for China Construction Bank (CCB) from HKD11.28 to HKD11.3 while maintaining a Buy rating. The bank reported a 3.5% year-on-year increase in net profit for Q1 2026, with a stable non-performing loan ratio of 1.31% as of March 2026. The report highlights solid asset quality and a relatively low valuation for the bank.

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WP CSI Banks ETF

Huaan CSI Banks ETF

ChinaAMC CSI Banks ETF

Hwabao WP CSI Banks ETF

Fullgoal CSI 800 Banks ETF

BOCI Slightly Raises CCB  TP to HKD11.3, Maintains Buy

CICHY

JPM's report indicates that CCBexceeded forecasts in 1Q26, with revenue growth of 11% YoY and profit growth of 4% YoY, surpassing broker expectations by 9% and 2%, respectively. The results were driven by a 8 bps QoQ NIM expansion, the highest among major state-owned banks. All major revenue items, including net interest income and fee income, performed strongly. JPM maintains an Overweight rating on CCB with a target price of HKD9.8, anticipating a positive share price reaction.

China Construction Bank

JPMorgan Chase

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

JPM: CCB  1Q Results Beat Forecasts Strongly

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UBS's report highlights that mainland Chinese banks, particularly state-owned ones, exceeded expectations in Q1, with an average revenue growth of 8.5%. This growth was driven by a rebound in net interest margin (NIM), resilient fee income, and a low trading income base. Despite higher provisioning, earnings grew by 3.4%. UBS favors defensive, high-dividend bank stocks like CCB and ICBC, but warns of deteriorating retail loan asset quality, which may affect earnings growth differently between large state-owned and joint-stock banks.

ICBC

UBS Group AG

BANK OF CHINA

Bank Of China

CITIC BANK

CNCB

Bank of Ningbo

BOC HONG KONG

Bank of China

UBS: Mainland Banks' 1Q Results Generally Beat; NIM Rebounds; State-owned Big Banks Outperform

In a report released on May 1, from Goldman Sachs maintained a Buy rating on China Construction Bank, with a price target of HK$9.96.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Currently, the analyst consensus on China Construction Bank is a Strong Buy with an average price target of HK$10.26.

- On May 1, Goldman Sachs maintained a "Buy" rating for the Construction Bank with a target price of HKD 9.96.  
- Analysts currently have a consensus rating of "Strong Buy" for the Construction Bank, with an average target price of HKD 10.26.  
- The report highlights a 55% discount on TipRanks, providing access to hedge fund-level data and investment tools.

Tip Ranks

Goldman Sachs

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China Construction Bank (CICHF) Receives a Buy from Goldman Sachs

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UBS's research report highlights that state-owned Chinese banks outperformed expectations in Q1, with an 8.5% revenue increase, the highest since 2021. This growth was driven by improved net interest margins and solid fee income. While regional banks met expectations, joint-stock banks showed mixed results. The report indicates an improving operating environment for mainland banks, with potential upward revisions in earnings growth for state-owned banks. UBS remains positive on defensive bank stocks with high dividend yields, favoring CCB, Bank of China, ICBC, CITIC Bank, and Bank of Ningbo.

INDUSTRIAL & COMMERCIAL BK OF CHINA UNSP ADR EACH REPR 20 ORD SHS

China Southern CSI Banks ETF

China Merchants CSI BANK AH Price ETF

UBS: State-Owned CN Banks Stand Out in 1Q; Operating Conditions Improving

HSBC Research reported that China's banks exceeded first-quarter expectations, driven by strong earnings growth and improved net interest margins (NIM). Large state-owned banks showed exceptional performance, while corporate banking outperformed retail banking. HSBC anticipates further improvement in the sector's fundamentals this year, leading to a re-rating of P/E multiples. Top stock picks include ICBC H-shares, CCB H-shares, and CMB A-shares, all rated Buy with target prices of HKD8, HKD10.7, and RMB56.3 respectively.

China Merchants Bank

CM BANK

PSBC

HSBC Research: China Banks 1Q Results Beat; Fundamentals Expected to Further Improve This Year

China's Big Four banks reported stronger-than-expected first-quarter earnings, with combined net profit reaching approximately 305 billion yuan (US$44.6 billion). This growth was driven by a recovery in net interest income, which rose over 7%, and improved asset quality. Analysts noted resilient loan growth, particularly in government-related sectors like infrastructure and manufacturing. The banks are increasingly supporting policy priorities, with significant increases in loans to technology firms and manufacturing. Moody's Ratings revised the outlook of these banks from negative to stable, reflecting expectations of continued government support.

SCMP

Citigroup

Moodys

CITIGROUP INC 6.250 NON CUM SER II PFD WI

China’s Big Four banks post stronger earnings as policy lending lifts growth

UBS reported that CCBachieved a net profit after tax of RMB86.3 billion in 1Q26, a 3.5% YoY increase, surpassing expectations. Revenue rose 11% YoY, driven by an 8.1% increase in net interest income and a 96% surge in other non-interest income. Operating expenses grew only 3.5% YoY, leading to a 13.3% increase in pre-provision profit, the best among the Big Four banks. UBS maintains a Buy rating with a target price of HKD10.2.

UBS: CCB  1Q26 Net Profit Beats Expectations, Rated Buy

JPM's report highlights a significant improvement in Chinese banks' revenue growth for 1Q26, rising 7% YoY, driven by a recovery in net interest income and a rebound in NIM. The Big Four state-owned banks outperformed their peers, while joint-stock banks lagged behind expectations. JPM favors ABC, CCB, Bank of China, ICBC, and Bank of Ningbo, predicting underperformance for joint-stock banks like PSBC, CEB Bank, Minsheng Bank, and Huaxia Bank due to earnings contraction. PU Dev Bank and CM Bank may also struggle in the near term due to slowed earnings growth.

CEB BANK

CEB Bank

MINSHENG BANK

CMBC

Hua Xia Bank

SPD Bank

JPM: Chinese Banks' 1Q26 Revenue Growth Improves Markedly, NIM Rebound a Positive Surprise

CCB+0.100 (+1.125%) Short selling $1.28B; Ratio 37.462% announced that for 1Q ended March 2026, its operating income rose by 10.98% YoY to RMB206.415 billion, while net profit increased by 3.53% YoY to RMB86.291 billion, with basic EPS of RMB33 cents.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-29 16:25.) AASTOCKS Financial News

CCB 1Q NP Leaps 3.5% to RMB86.29B

UB-CCB @EP2612A(28727.HK)

BOCI Slightly Raises CCB TP to HKD11.3, Maintains Buy

JPM: CCB 1Q Results Beat Forecasts Strongly

UBS: Mainland Banks' 1Q Results Generally Beat; NIM Rebounds; State-owned Big Banks Outperform

China Construction Bank (CICHF) Receives a Buy from Goldman Sachs

UBS: State-Owned CN Banks Stand Out in 1Q; Operating Conditions Improving