Citic Securities: The performance of Bank of China (03988) continues to improve, maintaining a rating of "buy".

Wisdom Financial News APP learned that Zhongtai Securities released a research report stating that the revenue and net profit growth rates of Bank of China (03988) have both shown significant recovery, with overseas business continuing to contribute and transaction fees providing positive support to revenue. The company's PB ratios for 2026E, 2027E, and 2028E are 0.66X, 0.61X, and 0.57X respectively; while the PE ratios are 7.61X, 7.37X, and 7.22X. As a state-owned major bank, the company's overall operations are stable, asset quality is steady, and overseas business advantages are significant. The company's valuation has a high safety margin and offers high dividend yield at low valuation. The rating of "accumulate" is maintained.