China Merchants Bank stock fell 1.75 percent on October 2

Published on 10/04/2026 at 15:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Merchants Bank stock is backed by H1 2026 operating income of RMB 178.181 billion, up 4.83 percent year over year. Consensus is Strong Buy at HKD 58.85.

CM Bank, CNE1000002M1, Illustration mit AI erstellt.

China Merchants Bank stock (ISIN CNE1000002M1) fell 1.75 percent to HKD 50.60 on the Hong Kong Stock Exchange on October 2, while the bank's H1 2026 operating income reached RMB 178.181 billion. The results show growth in fee businesses, but net interest margin pressure remains a central valuation issue.

Half year income grows 4.83 percent

According to Futunn in its September 22 review of the August 28 report, operating income rose 4.83 percent year over year to RMB 178.181 billion in the first half of 2026. Net profit attributable to shareholders increased 2.02 percent to RMB 76.445 billion.

The earnings mix is shifting toward fee generation. Net fee and commission income reached RMB 39.855 billion, up 5.99 percent, while wealth management fees and commissions rose 26.53 percent to RMB 16.192 billion during the same period, according to Futunn.

Margin pressure meets a Strong Buy view

Net interest margin was 1.83 percent in the first half of 2026, down 5 basis points year over year. The same report put the non-performing loan ratio at 0.94 percent, unchanged from the end of 2025, while retail loan non-performing loans rose to 1.16 percent.

According to Markets Insider on September 17, analyst consensus was Strong Buy with a HKD 58.85 price target and 14.71 percent upside from the then-current level. Daiwa maintained Buy with a HKD 56.30 target, while DBS reiterated Buy with a HKD 58.50 target on September 3.

October 2 decline resets the chart

The H share traded between HKD 50.35 and HKD 50.95 on October 2 after opening at HKD 50.70. Its HKD 50.60 price stood below the 52-week high of HKD 53.70 and above the 52-week low of HKD 43.34, leaving the stock 5.77 percent below the high.

Trading volume was 8,353,003 shares, and market capitalization was HKD 1.3 trillion on October 2. Yahoo Finance lists October 28, 2026, as the next earnings date, keeping the third-quarter update as the next scheduled company checkpoint.