Bank of Chongqing vs Axos Financial: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Bank of Chongqing Co Ltd (601963.CG)

Q3 202613 Aug – 29 Sep 2026

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Bank of Chongqing's profit growth and cheap funding drive the story

First-half profit and revenue both up over 10% Bank of Chongqing's interim report showed revenue up 10.79% and net profit up 10.29% from a year earlier, with bad loans slightly lower and a bigger cushion set aside for them. Stronger earnings and cleaner books make the bank look healthier, which supports its share price.
This is the core new fundamental result that explains why the bank is in focus.
Cheap bond funding for small-business and elderly-care loans The bank raised 3 billion yuan in August and 2 billion yuan in September through special bonds at coupons of 1.59% and 1.60%. That is very cheap money it can lend out at higher rates, which helps protect its profit margin and supports lending growth.
These two bond issues are new funding events that directly lower the bank's cost of money.
Sector-wide margin rebound lifts bank shares New regulatory data showed the banking industry's key lending margin rose slightly in the second quarter, the first such gain in four years. When margins stop falling, bank profits become more predictable, and Bank of Chongqing shares rose along with the sector.
This explains the broad industry force pushing bank shares, including 601963.CG, higher.
Deposits grow faster than loans across the industry Bank of Chongqing's deposits grew 10.9% while loans grew 9.6%, part of a wider pattern where banks take in more money than they can lend out. That signals weak demand for credit, which can pressure future profit growth even as balance sheets expand.
It is the main counterweight: balance-sheet growth is strong but loan demand is soft.

September 202613 Aug – 29 Sep 2026

▲3

Bank of Chongqing's profit growth and cheap funding drive the story

First-half profit and revenue both up over 10% Bank of Chongqing's interim report showed revenue up 10.79% and net profit up 10.29% from a year earlier, with bad loans slightly lower and a bigger cushion set aside for them. Stronger earnings and cleaner books make the bank look healthier, which supports its share price.
This is the core new fundamental result that explains why the bank is in focus.
Cheap bond funding for small-business and elderly-care loans The bank raised 3 billion yuan in August and 2 billion yuan in September through special bonds at coupons of 1.59% and 1.60%. That is very cheap money it can lend out at higher rates, which helps protect its profit margin and supports lending growth.
These two bond issues are new funding events that directly lower the bank's cost of money.
Sector-wide margin rebound lifts bank shares New regulatory data showed the banking industry's key lending margin rose slightly in the second quarter, the first such gain in four years. When margins stop falling, bank profits become more predictable, and Bank of Chongqing shares rose along with the sector.
This explains the broad industry force pushing bank shares, including 601963.CG, higher.
Deposits grow faster than loans across the industry Bank of Chongqing's deposits grew 10.9% while loans grew 9.6%, part of a wider pattern where banks take in more money than they can lend out. That signals weak demand for credit, which can pressure future profit growth even as balance sheets expand.
It is the main counterweight: balance-sheet growth is strong but loan demand is soft.

Latest13 Aug – 29 Sep 2026

▲3

Bank of Chongqing's profit growth and cheap funding drive the story

First-half profit and revenue both up over 10% Bank of Chongqing's interim report showed revenue up 10.79% and net profit up 10.29% from a year earlier, with bad loans slightly lower and a bigger cushion set aside for them. Stronger earnings and cleaner books make the bank look healthier, which supports its share price.
This is the core new fundamental result that explains why the bank is in focus.
Cheap bond funding for small-business and elderly-care loans The bank raised 3 billion yuan in August and 2 billion yuan in September through special bonds at coupons of 1.59% and 1.60%. That is very cheap money it can lend out at higher rates, which helps protect its profit margin and supports lending growth.
These two bond issues are new funding events that directly lower the bank's cost of money.
Sector-wide margin rebound lifts bank shares New regulatory data showed the banking industry's key lending margin rose slightly in the second quarter, the first such gain in four years. When margins stop falling, bank profits become more predictable, and Bank of Chongqing shares rose along with the sector.
This explains the broad industry force pushing bank shares, including 601963.CG, higher.
Deposits grow faster than loans across the industry Bank of Chongqing's deposits grew 10.9% while loans grew 9.6%, part of a wider pattern where banks take in more money than they can lend out. That signals weak demand for credit, which can pressure future profit growth even as balance sheets expand.
It is the main counterweight: balance-sheet growth is strong but loan demand is soft.

Axos Financial Inc (AX)

Q3 202614 Jul – 29 Sep 2026

▲3

Axos beats on loan growth, guides to steady expansion

Q2 beat on broad loan growth Axos reported Q2 CY2026 revenue of $379.8 million, up about 21% from a year earlier, and earnings per share of $2.53, well above what analysts expected. Broad loan growth in commercial specialty and asset-based lending drove the beat, showing the bank is winning business and growing profit.
The earnings beat and its cause are the core new fact of the period.
Management guides to low- to mid-teens loan growth Axos projects organic loan growth in the low- to mid-teens percentage range and a fairly stable net interest margin, with pipelines up across lending categories. New deposits from Jenius Bank and Capital One, plus the Arc deal, are expected to fund that growth, though integration costs add about $1 million a month.
Forward guidance tells readers where future earnings are headed, not just the last quarter.
Verdant deal adds earnings and credit improves The Verdant Commercial Capital acquisition is contributing and management expects it to add to earnings per share at the mid-to-high end of its original estimate. Net charge-offs fell seven basis points from the prior quarter, meaning fewer loans went bad, a sign of healthier credit that supports profits.
Deal accretion and better credit quality are new supports for the stock.
Strong book value growth, but one metric missed Book value per share, a key measure of a bank's underlying worth, rose 13% from a year earlier to $50.96, though it fell short of the $52.10 analysts expected. The miss is a mild counterweight to an otherwise strong quarter and is worth watching in coming reports.
It is the one real negative in the period and keeps the picture fair.

August 202614 Jul – 29 Sep 2026

▲3

Axos beats on loan growth, guides to steady expansion

Q2 beat on broad loan growth Axos reported Q2 CY2026 revenue of $379.8 million, up about 21% from a year earlier, and earnings per share of $2.53, well above what analysts expected. Broad loan growth in commercial specialty and asset-based lending drove the beat, showing the bank is winning business and growing profit.
The earnings beat and its cause are the core new fact of the period.
Management guides to low- to mid-teens loan growth Axos projects organic loan growth in the low- to mid-teens percentage range and a fairly stable net interest margin, with pipelines up across lending categories. New deposits from Jenius Bank and Capital One, plus the Arc deal, are expected to fund that growth, though integration costs add about $1 million a month.
Forward guidance tells readers where future earnings are headed, not just the last quarter.
Verdant deal adds earnings and credit improves The Verdant Commercial Capital acquisition is contributing and management expects it to add to earnings per share at the mid-to-high end of its original estimate. Net charge-offs fell seven basis points from the prior quarter, meaning fewer loans went bad, a sign of healthier credit that supports profits.
Deal accretion and better credit quality are new supports for the stock.
Strong book value growth, but one metric missed Book value per share, a key measure of a bank's underlying worth, rose 13% from a year earlier to $50.96, though it fell short of the $52.10 analysts expected. The miss is a mild counterweight to an otherwise strong quarter and is worth watching in coming reports.
It is the one real negative in the period and keeps the picture fair.

Latest14 Jul – 29 Sep 2026

▲3

Axos beats on loan growth, guides to steady expansion

Q2 beat on broad loan growth Axos reported Q2 CY2026 revenue of $379.8 million, up about 21% from a year earlier, and earnings per share of $2.53, well above what analysts expected. Broad loan growth in commercial specialty and asset-based lending drove the beat, showing the bank is winning business and growing profit.
The earnings beat and its cause are the core new fact of the period.
Management guides to low- to mid-teens loan growth Axos projects organic loan growth in the low- to mid-teens percentage range and a fairly stable net interest margin, with pipelines up across lending categories. New deposits from Jenius Bank and Capital One, plus the Arc deal, are expected to fund that growth, though integration costs add about $1 million a month.
Forward guidance tells readers where future earnings are headed, not just the last quarter.
Verdant deal adds earnings and credit improves The Verdant Commercial Capital acquisition is contributing and management expects it to add to earnings per share at the mid-to-high end of its original estimate. Net charge-offs fell seven basis points from the prior quarter, meaning fewer loans went bad, a sign of healthier credit that supports profits.
Deal accretion and better credit quality are new supports for the stock.
Strong book value growth, but one metric missed Book value per share, a key measure of a bank's underlying worth, rose 13% from a year earlier to $50.96, though it fell short of the $52.10 analysts expected. The miss is a mild counterweight to an otherwise strong quarter and is worth watching in coming reports.
It is the one real negative in the period and keeps the picture fair.