银行板块发力上扬，齐鲁银行领涨，四大行齐创新高

Group 1 - The banking sector showed significant gains on the 18th, with Qilu Bank rising nearly 4%, and other banks like Xiamen Bank, Qingnong Commercial Bank, CITIC Bank, and China Bank all increasing over 2% [1] - Notably, major banks such as Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Agricultural Bank of China reached new highs during the trading session [1] - According to CITIC Securities, the preliminary reports for 2024 indicate stable overall operations for listed banks, with strong credit growth in January and effective early investment strategies contributing to stable interest margins [1] Group 2 - The banking sector has shown signs of stabilization and recovery since last week, reflecting a return to investment logic based on fundamentals [1] - The core drivers for investment in the banking sector in the first half of 2025 will stem from a reassessment of business models, with expectations for absolute returns remaining positive in the current capital market environment [1] - Two main investment themes are recommended: 1) selecting stocks with stable performance, dividend rates, asset quality, and low valuation volatility; 2) focusing on companies with high ROE and strong certainty, where current valuation premiums are still low [1]