CM Bank stock reports 4.83 percent H1 income growth

Published on 10/07/2026 at 10:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CM Bank stock posted RMB 178.181 billion in first-half operating income on September 23. Net profit rose 2.02 percent, while retail loan demand remained a key risk.

CM Bank, CNE1000002M1, Illustration mit AI erstellt.

CM Bank stock (ISIN CNE1000002M1) was last at HKD 50.95 on the Hong Kong Stock Exchange on October 7, 2026, down 0.10 percent from HKD 51.00. The latest company figures show operating income of RMB 178.181 billion and net profit attributable to shareholders of RMB 76.445 billion in the first half of 2026, according to Futunn on September 10, 2026.

First-half income advances 4.83 percent

The operating-income increase of 4.83 percent exceeded the 2.02 percent rise in net profit, showing that revenue growth was faster than earnings growth in the six months ended June 30, 2026. The latest quarterly data also show Q2 net income of CNY 38.428898 billion, compared with CNY 37.852 billion in Q1, according to the standardized financial statement for 2026.

That mix matters because China Merchants Bank is balancing fee growth against lending pressure. DBS said on September 9, 2026, that wealth management fee income rose 26.53 percent year over year to RMB 16.19 billion in the first half, while retail loan balances fell 1.1 percent from the end of 2025.

Goldman target reaches HKD 59.28

Analyst action adds a second valuation reference. ET Net reported on September 7, 2026, that Goldman Sachs raised its H-share target from HKD 52.49 to HKD 59.28 and kept a Buy rating. The new target lies 16.35 percent above the October 7 price.

DBS also retained a Buy rating and set a 12-month target of HKD 58.50 in its September 9 research report. Its main counter-factor was asset quality: the bank's non-performing loan ratio stood at 0.94 percent at the end of the first half, while the non-performing loan coverage ratio was 385.1 percent.

Stock remains below yearly high

The Hong Kong listing's October 7 range was HKD 50.75 to HKD 51.20, with volume of 7,393,229 shares. The 52-week range was HKD 43.34 to HKD 53.70, placing the latest price 5.12 percent below the high and 17.55 percent above the low.

CM Bank's market capitalization stood at HKD 1.3 trillion on October 7, 2026. For investors, the next valuation debate is whether wealth management growth can offset slower retail lending and keep profit growth ahead of balance-sheet pressure.