银行股逆袭成黑马？从三年涨幅看投资逻辑变迁

东方财富2025-07-09

资本市场风云变幻，银行股正悄然书写着属于自己的传奇篇章。今年以来，截至7月7日，Wind银行业指数犹如一匹黑马，累计涨幅已高达21.02%，在Wind二级行业指数的激烈角逐中，傲然位居榜首。能取得这一成绩，绝非偶然，而是银行股长期价值积累与市场环境相互作用的结果。将时间维度拉长，从近一年业绩来看，银行业指数同样表现出色，累计涨幅达到42.12%，在众多行业指数中排名第八。而在近一年时间里，A股经历...

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Looking at the changes of investment logic from the three-year increase","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601288":0.9,"601398":0.9,"601939":0.9,"601988":0.9},"content_text":"资本市场风云变幻，银行股正悄然书写着属于自己的传奇篇章。今年以来，截至7月7日，Wind银行业指数犹如一匹黑马，累计涨幅已高达21.02%，在Wind二级行业指数的激烈角逐中，傲然位居榜首。能取得这一成绩，绝非偶然，而是银行股长期价值积累与市场环境相互作用的结果。将时间维度拉长，从近一年业绩来看，银行业指数同样表现出色，累计涨幅达到42.12%，在众多行业指数中排名第八。而在近一年时间里，A股经历了去年“924”行情带来的市场格局巨变，金融科技、半导体、DeepSeek、人形机器人等热点纷纷涌现。但即便如此，银行股的整体表现依旧稳中有升、可圈可点。这一成绩不仅彰显了银行股在市场波动中的韧性，更凸显了其作为稳定投资标的的价值。当我们把目光投向近两年，银行业指数的累计涨幅更为亮眼，高达71.97%，位居第一。众所周知，2022年~2024年，市场处于持续弱市中，不少行业表现平淡。而在这样的背景下，银行业的整体表现和其他行业明显拉开了差距。除了银行业近72%的整体涨幅外，业绩排名第二的非银金融，近两年涨幅仅33.98%，家电同期涨幅约为28%。不难发现，时间越长，银行股在长期投资中穿越牛熊，为投资者带来更丰厚的回报，成为了市场中的佼佼者。再看近三年的数据，同样瞩目——银行业指数累计涨幅为66%，仅次于电信服务行业。从长期表现来看，银行股无疑已成功取代传统消费、新能源、人工智能、人形机器人等热门赛道，成为今年表现最为强劲的赛道。这一转变，不仅反映了市场投资风格的悄然变化，更凸显了银行股在经济结构调整和市场波动中的独特优势。银行股长期强势表现，也向投资者展示了什么叫“慢就是快”。值得关注的是，银行业不仅在涨幅上表现出色，在市值规模方面也占据着举足轻重的地位。银行业近16万亿元的总市值，使其成为Wind二级行业指数35个行业中，总市值最大的行业。而其市盈率仅为7.446倍，却是所有行业中最低的。这种低市盈率、高市值的特点，使得银行股在投资市场中具有极高的性价比，成为了众多投资者眼中的“香饽饽”。不过，投资银行股也并非毫无风险。尽管银行股具有较高的稳定性，但市场波动、宏观经济环境变化等因素，仍可能对其股价产生影响。因此，投资者在投资银行股时，应充分了解其基本面和市场环境，结合自身的风险承受能力和投资目标，进行合理的投资决策。每一次追高买入，都意味着短期被套的风险。如果您抱着追逐暴利、短线追涨杀跌的心态去投资银行股，可能效果并不会太理想。在未来的市场竞争中，银行股有望继续凭借其稳健的经营和良好的基本面，为投资者带来稳定的回报。但投资者也需保持警惕，密切关注市场动态，灵活调整投资策略，以应对可能出现的各种风险。唯有如此，才能在银行股的投资中实现资产的保值增值，收获理想的投资收益。（文章来源：每日经济新闻）","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2550858846","isCrawlerRequest":true}