CITIC Securities: High dividend strategy should still be the main investment approach for banking stocks

On August 28, Jinshi Data reported that since 2024, bank stocks have experienced independent trends, and the stock prices of the five major banks have repeatedly reached new highs. In terms of bank zone allocation, we believe that the fundamentals of the banking industry continue to stabilize, and the investment in bank stocks is greatly affected by economic expectations and zone beta, which still face pressure in the current environment. Based on factors such as strong certainty, high realization confidence, and sufficient safety margin, the high dividend strategy should still be the main investment strategy for bank stocks.