研报掘金丨国联民生：浦发银行盈利能力和估值有望同步恢复，建议积极关注

格隆汇07-30

国联民生证券研报指出，浦发银行新一届管理层上任后得到大股东支持并实现了转债转股，流程再造后公司面貌焕然一新，提出的数智化战略从拓展客户的战略目标到数字化转型的实现途径清晰明了。公司目前估值较低，ROE长期来看有望回归行业中上水平。基于2026Q1净资产测算，浦发银行PB为0.40倍，估值水平已经回到了“924”行情前的水平。长期来看，数智化战略将进一步夯实公司客群基础，长期提升浦发银行定价和揽储能...

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