Xiaomo: The average profit of the Bank of China in the third quarter increased by about 3% year on year. Postbank (01658) profit increased or rebounded

The Zhitong Finance App learned that J.P. Morgan Chase released a research report saying that the Bank of China will announce third-quarter results. Revenue and pre-provision profit are expected to drop slightly by 0.1% and 0.2%, respectively. The trend will be stable compared to previous quarters, while profit will increase by an average of about 3% year on year. The market focus is on management's guidance on net interest spreads and the impact of newly announced policies.

Motong expects the bank's net interest income growth to remain flat in the third quarter, or fall 13 basis points year on year, which is slower than the decline in the second quarter. The positive drivers of net interest income mainly come from debt portfolio management, deposit repricing, and stabilizing loan interest rates. Postbank (01658) may rebound profit growth due to lower deposit agent rates, while Minsheng Bank (01988) may have fallen short of expectations due to a high non-fee revenue base.