小摩：国有内银派息比率有提升空间，首选中行及建行

同花顺09-10

9月10日，摩根大通（JPM）(JPM.US)预期国有银行未来两年将实现中高单位数的收入增长，以及稳定至放缓的贷款增长；相对10年期国债，目前国有银行H股股息息差平均约200个基点、A股约224个基点，均接近其10年均值216/229个基点，因此料派息比率仍有进一步提升的空间。该行重申对覆盖范围内所有国有银行的“增持”评级，其中中国银行（HK3988）(601988.SH)及建设银行（HK0939...

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