Analysts Anticipate Continued Growth in Brokerage Firms' Third-Quarter Performance; Focus Shifts to Top-Tier Firms

Based on an analysis of the A-share market trends and trading volumes in the third quarter, industry insiders believe that while net profits for listed A-share brokerage firms may decline sequentially in Q3 2026, total net profits for the first three quarters are still expected to grow. Performance divergence is projected to intensify, with leading institutions poised to capitalize on structural opportunities through specialized positioning and maintain high growth momentum. In secondary market performance, the broker index rallied in the afternoon on October 9, with many individual stocks showing strong activity. Looking ahead, driven by a favorable policy environment, the allocation value of the brokerage sector is expected to further increase, with top-tier firms receiving greater preference.