Yangtze Securities keeps China Merchants Bank stock at Buy rating

Published on 10/19/2026 at 10:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Merchants Bank stock costs EUR 6.04 on October 19, 2026. First-half profit rose 2.02 percent to CNY 76.445 billion.

Interim report and calendar

Yangtze Securities maintained a Buy rating on September 23, 2026.
First-half net interest margin stood at 1.83 percent in 2026.
CM Bank stock traded at EUR 6.04 at 10:03 a.m. CEST at Lang & Schwarz on October 19, 2026.
The next earnings date is October 31, 2026.

CM Bank, CNE1000002M1, Illustration mit AI erstellt.

China Merchants Bank (ISIN CNE1000002M1) was trading at EUR 6.04 at Lang & Schwarz on October 19, 2026 at 10:03 a.m. CEST. A review by Pacific Securities, carried by Futu on September 22, 2026, highlighted faster wealth-management fee growth and maintained a Buy rating.

Three events shape the picture

On August 28, 2026, China Merchants Bank released its semi-annual report, according to the Futu review. Operating income for the first half of 2026 reached CNY 178.181 billion, an increase of 4.83 percent from the same period a year earlier, while net profit attributable to shareholders rose 2.02 percent to CNY 76.445 billion.

On September 22, 2026, Pacific Securities said wealth-management fees rose 26.53 percent year over year to CNY 16.192 billion in the first half. On September 23, 2026, Yangtze Securities said first-half revenue growth reached 4.8 percent and profit growth 2.0 percent in its Futu commentary.

What does the 1.83 percent margin mean?

The first-half net interest margin was 1.83 percent, down 5 basis points from the comparable period, according to Pacific Securities. The bank offset asset-side pricing pressure with lower funding costs: customer deposit costs fell 29 basis points year over year to 0.97 percent.

Credit quality provides the counterweight. The overall non-performing loan ratio was 0.94 percent at the end of the first half, unchanged from year-end, while retail loan balances declined 1.08 percent from year-end. The figures leave margin management and retail asset quality as the two clearest operating markers for the next report.

Next reporting date is October 31

The next earnings report is scheduled for October 31, 2026, according to TradingView. The date gives investors a defined checkpoint for whether fee growth continues to offset pressure on lending spreads.

Market value and trading view

Morningstar reported a market capitalization of EUR 153.54 billion and a normalized price-to-earnings ratio of 8.59 for the Class H line as of October 16, 2026. The same page showed a closing price of EUR 6.09 for that date, while the current Lang & Schwarz quote was EUR 6.04 on October 19, 2026.

At Lang & Schwarz, CM Bank stock was trading at EUR 6.04 on October 19, 2026 at 10:03 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of CM Bank stock.