非银金融：回调后可积极配置关注绩优权重及优质红马

长江证券2025-07-06

核心观点1）本周板块调整回落。政策端证监会召开扩大会议，研究部署资本市场贯彻落实具体举措，券商方面估值和机构持仓位于低位，交易量维持高位，投行和海外业务环比改善，中报有望延续高景气，继续看好板块机会；另外保险方面，当前估值隐含市场对长期投资的悲观假设，考虑中远期利差水平，当前估值仍然安全，看好集中度和负债成本改善。2）从盈利和分红的稳定性维度出发，我们持续推荐盈利增速和分红率稳定的江苏金租，分红...

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非银金融：回调后可积极配置 关注绩优权重及优质红马

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非银金融：回调后可积极配置关注绩优权重及优质红马